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Why Trade Desk Stock Fell 15% in April

TheMotleyFool

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Shares of The Trade Desk (NASDAQ: TTD) were sliding with the broad market last month, even as there was little news out on the ad tech stock. Investors ditched high-growth, high-priced names throughout April, and Trade Desk was swept up in the sell-off. According to data from S&P Global Market Intelligence, the stock closed the month down 15%.

As you can see from the Trade Desk's results, the stock basically tracked with the Nasdaq for the duration of April.