Why The Trade Desk Stock Popped 40% in May
Shares of The Trade Desk (NASDAQ: TTD) were soaring last month as the ad tech leader delivered better-than-expected results in its first-quarter earnings report, redeeming itself after an earlier miss, and benefited from a broader risk-on movement in the market. That included a surge on May 12 when the U.S. and China agreed to lower tariff rates.As a result, The Trade Desk stock finished May up 40%, according to data from S&P Global Market Intelligence.As you can see from the chart below, the stock popped following its May 8 earnings report and gained on the following session due to the favorable trade war news.Continue reading
Shares of The Trade Desk (NASDAQ: TTD) were soaring last month as the ad tech leader delivered better-than-expected results in its first-quarter earnings report, redeeming itself after an earlier miss, and benefited from a broader risk-on movement in the market. That included a surge on May 12 when the U.S. and China agreed to lower tariff rates.
As a result, The Trade Desk stock finished May up 40%, according to data from S&P Global Market Intelligence.
As you can see from the chart below, the stock popped following its May 8 earnings report and gained on the following session due to the favorable trade war news.
