Trade Desk Inc’s recently made public that its Chief Financial Officer Schenkein Laura unloaded Company’s shares for reported $3.01 million on Oct 22 ’24. In the deal valued at $120.43 per share,25,000 shares were sold. As a result of this transaction, Schenkein Laura now holds 693,953 shares worth roughly $82.07 million.
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Then, Rajaram Gokul sold 1,355 shares, generating $159,741 in total proceeds. Upon selling the shares at $117.89, the Director now owns 28,636 shares.
Before that, LAURA SCHENKEIN bought 25,000 shares. Trade Desk Inc shares valued at $3,010,750 were divested by the Officer at a price of $120.43 per share.
Wells Fargo initiated its Trade Desk Inc [TTD] rating to an Overweight in a research note published on October 29, 2024; the price target was $150. A number of analysts have revised their coverage, including New Street’s analysts, who decreased its forecast for the stock in late October from “a Neutral” to “a Sell”. Truist also remained covering TTD and reiterated its “Buy” recommendation on October 02, 2024. Needham maintained its rating on October 01, 2024. It rated TTD as “a Buy”.
Price Performance Review of TTD
On Monday, Trade Desk Inc [NASDAQ:TTD] saw its stock fall -0.77% to $118.27. Over the last five days, the stock has lost -0.60%. Trade Desk Inc shares have risen nearly 64.36% since the year began. Nevertheless, the stocks have risen 56.28% over the past one year. While a 52-week high of $123.85 was reached on 10/30/24, a 52-week low of $60.23 was recorded on 01/17/24. SMA at 50 days reached $111.05, while 200 days put it at $93.67.
Levels Of Support And Resistance For TTD Stock
The 24-hour chart illustrates a support level at 117.32, which if violated will result in even more drops to 116.37. On the upside, there is a resistance level at 119.79. A further resistance level may holdings at 121.31. The Relative Strength Index (RSI) on the 14-day chart is 57.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.26%. Stochastics %K at 45.89% indicates the stock is a holding.
How much short interest is there in Trade Desk Inc?
A steep rise in short interest was recorded in Trade Desk Inc stocks on 2024-10-15, growing by 0.89 million shares to a total of 11.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.97 million shares. There was a rise of 7.52%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 23, 2024 when MoffettNathanson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $100 price target.
