Why The Trade Desk Stock Lost 12% in August
Shares of The Trade Desk (NASDAQ: TTD) were pulling back last month as part of a broad sell-off in high-growth tech stocks. The company beat headline estimates in its second-quarter earnings report, but the stock still fell as investors seemed to expect more, given its high price tag.
According to data from S&P Global Market Intelligence, the stock finished the month down 12%.
As you can see from the chart below, the general trend in the stock tracked with the over the month, although it was down more sharply, especially after its earnings report came out on Aug. 9.
Source Fool.com
