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Trade Desk's stock jumps on S&P 500 inclusion as Ansys exits index due to acquisition
Stocks often rally when they're added to a major index, as fund managers need to rebalance their portfolios to reflect the changes. With a market cap of $37 billion, the company falls right about in the middle of the S&P 500 by valuation.
Digital advertising company The Trade Desk is joining the benchmark index today, S&P Dow Jones Indices has said.
The Trade Desk, Inc. (NASDAQ:TTD) is an American technology company that enables businesses to run digital advertising ...
Shares of The Trade Desk are trading higher Thursday after a wave of price target revisions from Wall Street analysts.
Trade Desk’s stock is soaring, with the ad-tech company set to replace Ansys in the benchmark index later this week.
The Trade Desk reported revenues of $628.02 million in the last reported quarter, representing a year-over-year change of +27.3%. EPS of $0.41 for the same period compares with $0.33 a year ago.
TTD stock rose after being added to S&P 500, receiving positive ratings from analysts. Price forecast lowered but still ...
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