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Trade Desk Inc. (NASDAQ:TTD) shares are trending on Wednesday night.
Insider Buying Fuels After-Hours Rally
Shares of the California-based multinational technology company rose 9.25% in after-hours trading to $27.50 on Wednesday after a Securities and Exchange Commission filing disclosed that President and CEO Jeffrey Terry Green acquired 6,398,089 Class A common shares between Mar. 2 and Mar. 4.
The acquisition comprised 6,000,000 shares purchased through a limited partnership and 398,089 shares received via a restricted stock award.
Purchases Made Near Multi-Year Lows
The 6,000,000 purchased shares were transacted at weighted average prices of $23.49, $24.16, $24.97 and $25.08, with individual transaction prices ranging from $22.93 to $25.25, according to the filing.
The four transactions totaled approximately …
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