Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trade Desk Inc shares valued at $9,314,616 were sold by Green Jeffrey Terry on Oct 09 ’24. At $115.50 per share, Green Jeffrey Terry sold 80,649 shares. The insider’s holdings dropped to 7,330 shares worth approximately $0.86 million following the completion of this transaction.
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Also, Schenkein Laura sold 25,000 shares, netting a total of over 2,885,750 in proceeds. Following the sale of shares at $115.43 each, the insider now holds 693,953 shares.
Before that, LAURA SCHENKEIN had added 25,000 shares to its account. In a trade valued at $2,885,750, the Officer bought Trade Desk Inc shares for $115.43 each.
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 1.66%. Over the course of the year, Trade Desk Inc shares have jumped approximately 63.47%. Shares of the company reached a 52-week high of $118.90 on 10/17/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $106.45, while a 200-day SMA reached $90.55. Nevertheless, trading volume fell to 1.6 million shares from 1.29 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 116.80, which, if violated, would cause prices to drop to 115.97. In the upper region, resistance lies at 118.68. The next price resistance is at 119.73. RSI (Relative Strength Index) is 71.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.59, which suggests the price will increase in the coming days. Percent R is at 10.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
