From TradingView · · 40s
TTD Down 91% From ATH
The Trade Desk stock rebounds after 91% drop from all-time high with Netflix catalyst.
In brief
The Trade Desk stock rebounds after 91% drop from all-time high with Netflix catalyst. The Trade Desk stock rebounded from a 91% drop from its all-time high after Netflix announced expanded audience-targeting capabilities through Kokai. Originally reported by TradingView.
Price Action
The Trade Desk rebounded from $11.62 low to establish potential demand zone at $11.62, $12.74.
Netflix Catalyst
The Trade Desk announced expanded audience-targeting capabilities for Netflix inventory through Kokai starting November.
Fundamental Risk
Q2 revenue growth slowed to 3% YoY from 19% a year earlier with adjusted EBITDA declining to $241M.
What it means
The Trade Desk stock rebounded from a 91% drop from its all-time high after Netflix announced expanded audience-targeting capabilities through Kokai.
