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TTD stock rated a Buy by Truist

Trade Desk Inc’s filing revealed that its Officer Green Jeffrey Terry acquired Company’s shares for reported $53.57 million on Oct 04 ’24. In the deal valued at $111.46 per share,480,649 shares were bought.

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Then, GRANT JAY R sold 20,579 shares, generating $2,235,926 in total proceeds. Upon selling the shares at $108.65, the Chief Legal Officer now owns 178,853 shares.

Before that, JAY R GRANT bought 20,579 shares. Trade Desk Inc shares valued at $2,235,936 were divested by the Officer at a price of $108.65 per share.

Truist reiterated its Trade Desk Inc [TTD] rating to a Buy in a research note published on October 02, 2024; the price target was $120. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Buy”‘ rating for it. MoffettNathanson began covering TTD with “Neutral” recommendation on September 23, 2024. Cantor Fitzgerald started covering the stock on September 05, 2024. It rated TTD as “a Neutral”.

Price Performance Review of TTD

On Monday, Trade Desk Inc [NASDAQ:TTD] saw its stock fall -1.06% to $111.80. Over the last five days, the stock has gained 1.96%. Trade Desk Inc shares have risen nearly 55.36% since the year began. Nevertheless, the stocks have risen 43.04% over the past one year. While a 52-week high of $113.84 was reached on 10/04/24, a 52-week low of $60.23 was recorded on 01/17/24. SMA at 50 days reached $101.66, while 200 days put it at $88.82.

Levels Of Support And Resistance For TTD Stock

The 24-hour chart illustrates a support level at 110.75, which if violated will result in even more drops to 109.69. On the upside, there is a resistance level at 113.27. A further resistance level may holdings at 114.73. The Relative Strength Index (RSI) on the 14-day chart is 63.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.46%. Stochastics %K at 84.11% indicates the stock is a selling.

How much short interest is there in Trade Desk Inc?

A steep rise in short interest was recorded in Trade Desk Inc stocks on 2024-09-13, growing by 0.96 million shares to a total of 10.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.01 million shares. There was a rise of 8.76%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 04, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $135 price target.

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