The Trade Desk Stock Just Plunged 39%. Buying Opportunity or Broken Thesis?
Friday was a tough day for shareholders of The Trade Desk (NASDAQ: TTD). The company released its quarterly financial report after the market close on Thursday, and the results appeared solid at first glance. That's why the resulting sell-off took many investors by surprise, as the stock plunged 39% before the carnage was over on Friday.
It turns out that there were a number of factors that created a perfect storm, contributing to The Trade Desk's decline and leaving investors with a conundrum. Given that the stock is nearly 40% cheaper than it was earlier this week, is it an opportunity to pick up shares on the cheap, or is this a sign of a broken investing thesis?
Let's take a look at what happened and what it means for investors.
Source Fool.com
