Why The Trade Desk Stock Lost 11% in December
Shares of The Trade Desk (NASDAQ: TTD), a leader in advertising technology, were pulling back last month as the company was one of several high-priced growth stocks to fall on concerns over tightening monetary policy. The Trade Desk's losses came even as the broad market continued to move higher. According to data from S&P Global Market Intelligence, the stock finished December down 11%.
As you can see from the chart below, the stock fell sharply at the beginning of the month and never recovered those losses.
Source Fool.com
