Shares of ad-tech leader Trade Desk Inc TTD are trading higher Thursday afternoon, staging a modest rebound after a tumultuous past month that saw the stock shed 37% of its value.
TTD is delivering impressive returns. Check the market position here.
What To Know: The sell-off was triggered in mid-August despite the company posting strong second-quarter earnings. Investor sentiment soured due to a flurry of cautious analyst revisions, led by a notable downgrade from Bank of America.
Wall Street has grown increasingly anxious about mounting competitive pressures from tech giants, particularly Amazon’s rapidly expanding advertising division, which saw 23% revenue growth in its recent quarter. Concerns were further amplified by reports that Walmart may be distancing itself from The Trade Desk’s platform.
This market anxiety has overshadowed the company’s solid fundamentals. For its second quarter, The Trade Desk reported revenue of $694 million, a 24% year-over-year increase that beat analyst expectations. The firm also provided an optimistic third-quarter forecast of at least $717 million and highlighted a customer retention rate of over 95%.
Benzinga Edge Rankings: Reinforcing the company’s strong underlying fundamentals, Benzinga Rankings awards The Trade Desk an exceptional growth score of 93.99.
TTD Price Action: According to data from Benzinga Pro, The Trade Desk shares closed Thursday up 5.15% to $55.36. The stock has a 52-week high of $141.53 and a 52-week low of $42.96.
Read Also: What’s Going On With Dell Stock Thursday?
How To Buy TTD Stock
By now, you’re likely curious about how to participate in the market for Trade Desk — be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Trade Desk, which is trading at $54.90 when this article was written, $100 would buy you 1.82 shares of stock.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way, it allows you to profit from the share price decline.
Image: Shutterstock
Great Job Henry Khederian & the Team @ Benzinga – Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals Source link for sharing this story.
