Why the Trade Desk Stock Soared Higher Today
The Trade Desk (NASDAQ: TTD) saw its stock price rise over 10% during trading on Wednesday; it was still up 8.17%, or $49.78, at the close of trading. Overall, the Dow finished up 51 points, while the Nasdaq gained 184 points, or 1.58%.
One of the catalysts that sent the Nasdaq higher on Wednesday was a strong earnings report by Netflix (NASDAQ: NFLX) which posted better-than-expected revenue.
The Trade Desk runs the largest independent demand-side platform (DSP) for digital ads. In short, it operates a platform where advertisers can create and manage ad campaigns across various channels -- mobile, on demand, etc.
Source Fool.com
