Why The Trade Desk Fell 12.2% in September
Shares of the The Trade Desk (NASDAQ: TTD) fell 12.2% in September, according to data from S&P Global Market Intelligence. There wasn't much in the way of company-specific news in September, as The Trade Desk reported strong earnings while also raising guidance back in August.
Therefore, the September sell-off was likely due to macroeconomic fears over higher interest rates, which tend to hurt expensive, high-growth stocks like this one.
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Source Fool.com
