Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trade Desk Inc shares valued at $3,531,477 were purchased by LAURA SCHENKEIN on Nov 07 ’24. At $127.55 per share, LAURA SCHENKEIN acquired 27,687 shares.
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Also, Schenkein Laura sold 25,000 shares, netting a total of over 3,010,750 in proceeds. Following the sale of shares at $120.43 each, the insider now holds 693,953 shares.
Before that, Rajaram Gokul had sold 1,355 shares from its account. In a trade valued at $159,741, the Director traded Trade Desk Inc shares for $117.89 each. Upon closing the transaction, the insider’s holdings decreased to 1,355 shares, worth approximately $3.8 million.
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 10.25%. Over the course of the year, Trade Desk Inc shares have jumped approximately 84.17%. Shares of the company reached a 52-week high of $132.65 on 11/07/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $112.39, while a 200-day SMA reached $94.51. Nevertheless, trading volume fell to 8.23 million shares from 3.89 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 129.13, which, if violated, would cause prices to drop to 125.72. In the upper region, resistance lies at 134.29. The next price resistance is at 136.05. RSI (Relative Strength Index) is 79.55 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.08, which suggests the price will increase in the coming days. Percent R is at 0.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
