Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trade Desk Inc shares valued at $147,695 were sold by Rajaram Gokul on Sep 24 ’24. At $109.00 per share, Rajaram Gokul sold 1,355 shares. The insider’s holdings dropped to 29,991 shares worth approximately $3.28 million following the completion of this transaction.
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Also, Green Jeffrey Terry purchased 200,000 shares, netting a total of over 21,849,324 in proceeds.
Before that, Green Jeffrey Terry had added 200,000 shares to its account. In a trade valued at $22,102,230, the Officer bought Trade Desk Inc shares for $110.51 each.
As published in their initiating research note from MoffettNathanson on September 23, 2024, Trade Desk Inc [TTD] has been a Neutral and the price target has been revised to $100. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of September 04, 2024, BofA Securities has initiated its “Buy” rating for TTD. Earlier on July 16, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for TTD stock.
Analyzing TTD Stock Performance
During the last five days, there has been a drop of approximately -0.71%. Over the course of the year, Trade Desk Inc shares have jumped approximately 51.97%. Shares of the company reached a 52-week high of $112.22 on 09/26/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $99.52, while a 200-day SMA reached $87.56. Nevertheless, trading volume fell to 3.09 million shares from 2.05 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 107.60, which, if violated, would cause prices to drop to 105.84. In the upper region, resistance lies at 111.67. The next price resistance is at 113.98. RSI (Relative Strength Index) is 62.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.90, which suggests the price will increase in the coming days. Percent R is at 19.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.