Why The Trade Desk Stock Slipped This Week
Shares of The Trade Desk (NASDAQ: TTD) slipped 12.6% this week, according to data from S&P Global Market Intelligence. The advertising technology platform was publicly accused by one of its largest clients of overcharging for services, which is leading to uncertainty on Wall Street.
The stock had been recovering after the founder's insider buys, but is now back near recent lows and down 83% from its recent highs set at the end of 2024. Here's why the stock was falling this week, and whether now would be a good time to buy the dip on The Trade Desk.
Publicis Groupe is one of the largest advertising agencies in the world. Brands go to them to buy advertising services, and Publicis will use platforms such as The Trade Desk as a digital advertising tool to get ads in front of the right eyeballs across the internet, connected TV, and audio streaming platforms.
Source Fool.com
