Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trade Desk Inc shares valued at $3,010,750 were sold by Schenkein Laura on Oct 22 ’24. At $120.43 per share, Schenkein Laura sold 25,000 shares. The insider’s holdings dropped to 693,953 shares worth approximately $83.42 million following the completion of this transaction.
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Also, Rajaram Gokul sold 1,355 shares, netting a total of over 159,741 in proceeds. Following the sale of shares at $117.89 each, the insider now holds 28,636 shares.
Before that, LAURA SCHENKEIN had added 25,000 shares to its account. In a trade valued at $3,010,750, the Officer bought Trade Desk Inc shares for $120.43 each.
As published in their initiating research note from Wells Fargo on October 29, 2024, Trade Desk Inc [TTD] has been an Overweight and the price target has been revised to $150. Analysts at New Street downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in late October. As of October 02, 2024, Truist has reiterated its “Buy” rating for TTD. Earlier on October 01, 2024, Needham resumed its rating. Their recommendation was “a Buy” for TTD stock.
Analyzing TTD Stock Performance
During the last five days, there has been a surge of approximately 1.69%. Over the course of the year, Trade Desk Inc shares have jumped approximately 67.05%. Shares of the company reached a 52-week high of $123.85 on 10/30/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $110.46, while a 200-day SMA reached $93.14. Nevertheless, trading volume fell to 3.38 million shares from 2.6 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 118.15, which, if violated, would cause prices to drop to 116.09. In the upper region, resistance lies at 121.92. The next price resistance is at 123.62. RSI (Relative Strength Index) is 65.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.36, which suggests the price will increase in the coming days. Percent R is at 42.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
