Why The Trade Desk Stock Jumped 39% in August
Shares of The Trade Desk (NASDAQ: TTD) were soaring in August after the adtech platform posted better-than-expected results in its third-quarter earnings report. The stock jumped as The Trade Desk overcame some negativity around the digital advertising industry after a series of weak quarterly results from the social media sector generally and Google parent Alphabet in particular.
According to data from S&P Global Market Intelligence, the stock finished the month up 39%. As you can see from the chart below, the bulk of The Trade Desk's gains came after it reported earnings on August 9.
Source Fool.com
