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Why The Trade Desk Stock Fell 24% in September

TheMotleyFool

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Why The Trade Desk Stock Fell 24% in September

Shares of The Trade Desk (NASDAQ: TTD) were moving lower last month after the programmatic advertising specialist got swept up in a broad-based sell-off of high-flying cloud stocks. As a result, Trade Desk shares finished the month down 24%, according to data from S&P Global Market Intelligence.

As the chart below shows, the stock fell consistently over the course of the month as a number of factors prompted investors to back away from stocks like The Trade Desk.