Why The Trade Desk Stock Tumbled on Tuesday
The adtech company was socked with an analyst downgrade.
Overview
Investors enthusiastically traded the stock of The Trade Desk (NASDAQ: TTD) on Tuesday, however for the most part they were selling it. On an analyst's downgrade, many didn't hesitate to unload their holdings, leaving the adtech specialist with a nearly 4% loss on the day.
That downgrade came from Arete's Richard Kramer, who made the move well before market open on Tuesday. He shifted his recommendation to sell from his previous neutral, and set a price target of $11.60 per share.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.