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Why The Trade Desk Stock Skyrocketed Tuesday Morning
After the market closed on Monday, S&P Global revealed that The Trade Desk would be joining the S&P 500. The stock will be replacing ANSYS before the market opens on Friday. In the press release that provided details of the reshuffling, S&P Global noted, "S&P constituent Synopsys will acquire ANSYS in a deal expected to be complete on July 17."
Trade Desk's stock jumps on S&P 500 inclusion as Ansys exits index due to acquisition
Stocks often rally when they're added to a major index, as fund managers need to rebalance their portfolios to reflect the changes. With a market cap of $37 billion, the company falls right about in the middle of the S&P 500 by valuation.
Trade Desk (TTD) stock is surging on news that the company will join the S&P 500 (^GSPC), replacing Ansys (ANSS). Robinhood ...
Amazon has been poaching customers from The Trade Desk. Amazon's recent partnership with Roku could exacerbate the situation.
Nvidia stock jumped 5% as the chipmaker said it's been assured it can resume sales of a key microchip to China. That news helped Chinese stocks as well, with Alibaba stock rising 6%. Trade Desk shares ...
The Trade Desk has opened an office in Mumbai. The news has been shared by The Trade Desk’s Vice President-Revenue Dhruv ...
The highly volatile second quarter started with steep losses for U.S. stocks and ended with markets near all-time highs.
Trade Desk’s stock is soaring, with the ad-tech company set to replace Ansys in the benchmark index later this week.
TTD stock rose after being added to S&P 500, receiving positive ratings from analysts. Price forecast lowered but still ...
The Trade Desk, Inc. (NASDAQ: TTD) ranks among the best cloud stocks to buy according to Wall Street analysts. On June 17, ...
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