Why The Trade Desk Stock Fell Sharply Monday
Shares of The Trade Desk (NASDAQ: TTD), a company that offers a platform to help advertisers buy digital ads programmatically, took a hit on Monday. The stock was down about 12% as of 12:30 p.m. EST.
Helping explain the decline, it comes amid a broader-market pullback of many growth stocks on Monday. Also driving some of the bearishness for shares is likely analyst commentary about Roku (NASDAQ: ROKU) stock being overvalued. Since Roku and The Trade Desk both benefit from the fast-growing advertising spending in connected TV, and since both companies have pricey valuations, a sell-off of Roku shares on Monday might have triggered some bearishness for The Trade Desk.
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Source Fool.com
