The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Trade Desk Inc shares valued at $29,533,358 were sold by Green Jeffrey Terry on Aug 26 ’24. At $104.20 per share, Green Jeffrey Terry sold 283,429 shares. The insider’s holdings dropped to 380,832 shares worth approximately $41.94 million following the completion of this transaction.
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Also, Green Jeffrey Terry sold 135,922 shares, netting a total of over 14,098,381 in proceeds. Following the sale of shares at $103.72 each, the insider now holds 664,261 shares.
Before that, Rajaram Gokul had sold 1,355 shares from its account. In a trade valued at $141,855, the Director traded Trade Desk Inc shares for $104.69 each. Upon closing the transaction, the insider’s holdings decreased to 1,355 shares, worth approximately $3.45 million.
As published in their initiating research note from Cantor Fitzgerald on September 05, 2024, Trade Desk Inc [TTD] has been a Neutral and the price target has been revised to $110. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of July 16, 2024, Wolfe Research has initiated its “an Outperform” rating for TTD. Earlier on July 15, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for TTD stock.
Analyzing TTD Stock Performance
During the last five days, there has been a surge of approximately 5.40%. Over the course of the year, Trade Desk Inc shares have jumped approximately 53.06%. Shares of the company reached a 52-week high of $111.80 on 09/19/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $98.43, while a 200-day SMA reached $86.54. Nevertheless, trading volume fell to 3.16 million shares from 3.79 million shares the previous day.
Support And Resistance Levels for Trade Desk Inc (TTD)
According to the 24-hour chart, there is a support level at 108.90, which, if violated, would cause prices to drop to 107.65. In the upper region, resistance lies at 111.59. The next price resistance is at 113.04. RSI (Relative Strength Index) is 67.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.34, which suggests the price will increase in the coming days. Percent R is at 11.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
