Is The Trade Desk Stock a Buy After Its Stunning Reversal?
The Trade Desk (NASDAQ: TTD) stock initially withered on Wednesday, falling as much as 8% in pre-market trading, after the company released its quarterly financial results. However, the plunging stock price was short-lived and The Trade Desk stock quickly rebounded, moving briefly into positive territory.
Wall Street had lofty expectations for the programmatic advertising specialist and the company sailed past the bar set by investors. So what caused the initial drop and why has the stock rebounded so swiftly?
Image source: Getty Images.
Source Fool.com