Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trade Desk Inc shares valued at $369,364 were sold by Schenkein Laura on Nov 18 ’24. At $117.97 per share, Schenkein Laura sold 3,131 shares. The insider’s holdings dropped to 684,867 shares worth approximately $87.22 million following the completion of this transaction.
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Also, LAURA SCHENKEIN purchased 3,131 shares, netting a total of over 369,364 in proceeds.
Before that, Schenkein Laura had sold 27,687 shares from its account. In a trade valued at $3,531,477, the Chief Financial Officer traded Trade Desk Inc shares for $127.55 each. Upon closing the transaction, the insider’s holdings decreased to 27,687 shares, worth approximately $88.37 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 1.17%. Over the course of the year, Trade Desk Inc shares have jumped approximately 76.97%. 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 $116.90, while a 200-day SMA reached $97.29. Nevertheless, trading volume fell to 4.38 million shares from 5.99 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 123.59, which, if violated, would cause prices to drop to 119.83. In the upper region, resistance lies at 129.83. The next price resistance is at 132.31. RSI (Relative Strength Index) is 58.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 31.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
