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 $2,829,525 were sold by Jacobson Samantha on Nov 29 ’24. At $128.25 per share, Jacobson Samantha sold 22,062 shares. The insider’s holdings dropped to 90,709 shares worth approximately $12.65 million following the completion of this transaction.
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Also, SAMANTHA JACOBSON purchased 22,062 shares, netting a total of over 2,829,541 in proceeds.
Before that, Schenkein Laura had sold 3,131 shares from its account. In a trade valued at $369,364, the Chief Financial Officer traded Trade Desk Inc shares for $117.97 each. Upon closing the transaction, the insider’s holdings decreased to 3,131 shares, worth approximately $95.55 million.
As published in a research note from New Street on November 25, 2024, Trade Desk Inc [TTD] has been rated up from a Sell to a Neutral and the price target has been revised to $115 from $85. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late October. As of October 29, 2024, New Street has decreased its “Neutral” rating to a “Sell” for TTD. Earlier on October 02, 2024, Truist 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 8.16%. Over the course of the year, Trade Desk Inc shares have jumped approximately 93.87%. Shares of the company reached a 52-week high of $141.53 on 12/04/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $120.79, while a 200-day SMA reached $99.53. Nevertheless, trading volume fell to 2.83 million shares from 3.51 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 138.40, which, if violated, would cause prices to drop to 137.30. In the upper region, resistance lies at 141.07. The next price resistance is at 142.64. RSI (Relative Strength Index) is 70.48 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.05, which suggests the price will increase in the coming days. Percent R is at 7.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
