Deep-pocketed investors have recently taken a cautious approach towards Trade Desk (NASDAQ:TTD), as evidenced by a surge in options activities. Over the past three months, there have been 9 notable options activities for Trade Desk, with a strong emphasis on a price range between $70.0 and $140.0.
Among these activities, 22% of investors have taken a bullish stance while 77% are leaning bearish. Notable trades include 3 puts totaling $580,250 and 6 calls amounting to $407,608. Key options trades to watch out for include a bearish put sweep expiring on 05/17/24 at $82.50 and a bullish call sweep expiring on 06/21/24 at $70.00.
By examining the volume and open interest of calls and puts within the $70.0 to $140.0 strike price range over the last 30 days, valuable insights into the market sentiment surrounding Trade Desk’s options trading can be gleaned. Analysts have provided varying price targets for the company, ranging from $85 to $110.
Despite the inherent risks associated with options trading, serious traders mitigate these risks through education, strategic trading practices, and vigilant market monitoring. Professional analysts have set an average price target of $100.4 for Trade Desk, with recommendations spanning from Buy to Outperform and Overweight ratings.
With a current trading volume of 621,329 shares and a slight price increase of 0.25%, the options frenzy surrounding Trade Desk underscores a prevailing bearish sentiment among investors, potentially foreshadowing market movements in the near term.
Trade Desk Inc. (TTD) Stock Price Update: March 2, 2024 – Analysis and Investment Outlook
On March 2, 2024, The Trade Desk Inc. (TTD) experienced a slight decrease in its stock price, closing at $83.89. This represents a 1.80% drop from the previous market close. Additionally, in after-hours trading, the stock dropped further by $0.39.
Despite this recent decline, TTD is still trading near the top of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been performing well overall in the medium to long term.
Investors should always conduct thorough research and consider their own financial goals and risk tolerance before making any investment decisions.
Overall, while TTD experienced a slight drop in its stock price on March 2, 2024, the company’s strong performance in the medium to long term suggests that it may continue to be a solid investment option for those looking to add tech stocks to their portfolio.
The Trade Desk (TTD) Reports Impressive Financial Performance with Strong Revenue and Income Growth
On March 2, 2024, investors in The Trade Desk (TTD) were pleased with the company’s strong financial performance. TTD reported total revenue of $1.95 billion for the past year, marking a 23.34% increase compared to the previous year. In the fourth quarter, the company generated $605.80 million in total revenue, a 22.81% increase from the previous quarter.
Net income for TTD also saw significant growth, with the company reporting $178.94 million in net income for the past year, a remarkable 235.19% increase from the previous year. In the fourth quarter, TTD’s net income was $97.32 million, reflecting a 147.31% increase from the previous quarter.
Earnings per share (EPS) for TTD also showed strong growth, with the company reporting an EPS of $0.36 for the past year, a 235.02% increase from the previous year. In the fourth quarter, TTD’s EPS was $0.19, representing a 148.47% increase from the previous quarter.
Overall, TTD’s stellar financial performance on March 2, 2024, was welcomed by investors, as the company demonstrated strong growth in total revenue, net income, and earnings per share. With such impressive results, TTD’s stock performance likely reflected the positive sentiment among investors, as they recognized the company’s solid financial health and growth prospects.
