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TTD (Trade Desk Inc) may reap gains as insiders became active recently

Trade Desk Inc’s recent filing unveils that its Chief Strategy Officer Jacobson Samantha unloaded Company’s shares for reported $2.83 million on Nov 29 ’24. In the deal valued at $128.25 per share,22,062 shares were sold. As a result of this transaction, Jacobson Samantha now holds 90,709 shares worth roughly $11.04 million.

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Then, SAMANTHA JACOBSON bought 22,062 shares, generating $2,829,541 in total proceeds.

Before that, Schenkein Laura sold 3,131 shares. Trade Desk Inc shares valued at $369,364 were divested by the Chief Financial Officer at a price of $117.97 per share. As a result of the transaction, Schenkein Laura now holds 684,867 shares, worth roughly $83.33 million.

Scotiabank initiated its Trade Desk Inc [TTD] rating to a Sector perform in a research note published on December 05, 2024; the price target was $133. A number of analysts have revised their coverage, including New Street’s analysts, who increased its forecast for the stock in late November from “a Sell” to “a Neutral”. Wells Fargo began covering TTD with “an Overweight” recommendation on October 29, 2024. New Street revised its rating on October 29, 2024. It rated TTD as “a Sell” which previously was an “a Neutral”.

Price Performance Review of TTD

On Monday, Trade Desk Inc [NASDAQ:TTD] saw its stock fall -2.67% to $121.67. Over the last five days, the stock has lost -8.28%. Trade Desk Inc shares have risen nearly 69.08% since the year began. Nevertheless, the stocks have risen 59.30% over the past one year. While a 52-week high of $141.53 was reached on 12/04/24, a 52-week low of $61.47 was recorded on 01/17/24. SMA at 50 days reached $125.89, while 200 days put it at $102.69.

Levels Of Support And Resistance For TTD Stock

The 24-hour chart illustrates a support level at 120.37, which if violated will result in even more drops to 119.06. On the upside, there is a resistance level at 124.07. A further resistance level may holdings at 126.46. The Relative Strength Index (RSI) on the 14-day chart is 38.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.95%. Stochastics %K at 6.37% indicates the stock is a buying.

How much short interest is there in Trade Desk Inc?

A steep rise in short interest was recorded in Trade Desk Inc stocks on 2024-11-29, dropping by -1.93 million shares to a total of 9.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.71 million shares. There was a decline of -19.68%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 02, 2024 when Truist resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $120.

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