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Why The Trade Desk Stock Exploded Higher This Morning

TheMotleyFool

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Why The Trade Desk Stock Exploded Higher This Morning: https://g.foolcdn.com/editorial/images/695592/a-young-couple-cuddling-on-the-couch-watching-television.jpg

Shares of The Trade Desk (NASDAQ: TTD) moved sharply higher Wednesday, surging as much as 35.4%. As of 10:37 a.m. ET, the stock was up 33.6%.

The catalyst that sent the ad tech stock higher was the company's latest financial results, which were far better than many investors anticipated.

While many digital advertisers were feeling the pressure of ad budgets being cut, The Trade Desk's second-quarter results showed no signs of the macroeconomic headwinds that have battered many of its contemporaries.

Source Fool.com

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