Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trade Desk Inc shares valued at $2,885,750 were purchased by LAURA SCHENKEIN on Oct 09 ’24. At $115.43 per share, LAURA SCHENKEIN acquired 25,000 shares.
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Also, Green Jeffrey Terry sold 200,000 shares, netting a total of over 22,592,287 in proceeds. Following the sale of shares at $112.96 each, the insider now holds 287,979 shares.
Before that, Green Jeffrey Terry had sold 200,000 shares from its account. In a trade valued at $22,460,097, the President and CEO traded Trade Desk Inc shares for $112.30 each. Upon closing the transaction, the insider’s holdings decreased to 200,000 shares, worth approximately $10.18 million.
As published in a research note from Truist on October 02, 2024, Trade Desk Inc [TTD] has been retained to a Buy and the price target has been revised to $120. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early October. As of September 23, 2024, MoffettNathanson has initiated its “Neutral” rating for TTD. Earlier on September 05, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “a Neutral” for TTD stock.
Analyzing TTD Stock Performance
During the last five days, there has been a surge of approximately 3.81%. Over the course of the year, Trade Desk Inc shares have jumped approximately 60.80%. Shares of the company reached a 52-week high of $116.59 on 10/10/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $103.14, while a 200-day SMA reached $89.42. Nevertheless, trading volume fell to 2.02 million shares from 2.54 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 114.78, which, if violated, would cause prices to drop to 113.86. In the upper region, resistance lies at 116.61. The next price resistance is at 117.52. RSI (Relative Strength Index) is 70.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.98, which suggests the price will increase in the coming days. Percent R is at 8.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
