"Shares of The Trade Desk jumped 14% in extended trading as the digital advertising company is set to join the S&P 500, replacing software maker Ansys."
"Trade Desk has faced significant market challenges this year, with a 36% drop in its stock price, in contrast to a 61% increase in 2023."
"With a market cap of $37 billion, Trade Desk's valuation places it in the middle tier of the S&P 500 as it prepares for its index debut."
"The company, founded in 2009, went public on the Nasdaq in 2016 and currently employs over 3,522 individuals."
The Trade Desk is set to be added to the S&P 500, effective soon, leading to a 14% rise in its stock price. It will replace Ansys, which is being acquired by Synopsys. The company has faced significant drops this year, with stock down 36%, following previous years of substantial growth. It has a market cap of $37 billion, indicating it is positioned in the middle of the S&P 500's valuation. Founded in 2009, Trade Desk has over 3,500 employees and competes with major players like Amazon and Google.
Read at www.cnbc.com
Unable to calculate read time
Collection
[
|
...
]