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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 Stock Pops on S&P 500 Inclusion
Shares of Trade Desk Inc (NASDAQ:TTD) are up 11.4% to trade at $84.06 this morning, after news broke that the software firm will replace Ansys (ANSS) on the S&P 500 Index (SPX) before the open this Friday, July 18. The change comes after Synopsys (SNPS) agreed to purchase Ansys for $35 billion by the end of this week.
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Sales And Marketing Software Stocks Q1 Recap: Benchmarking Braze (NASDAQ:BRZE)As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the sales and marketing software ...
Key Points The Trade Desk is gaining momentum as it helps advertisers optimize their campaigns.Grab Holdings' ride-hailing app is growing and dominating the Southeast Asian market.Korean e-commerce ...
The brokerage raised its price target on Alphabet to $215 from $195, on Meta Platforms (NASDAQ: META) to $800 from $655, on ...
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