The Trade Desk shares are trading higher after the company announced it would join the Nasdaq-100 Index beginning July 17th, 2023.
Portfolio Pulse from Benzinga Newsdesk
The Trade Desk (TTD) shares are trading higher after the company announced it would join the Nasdaq-100 Index starting July 17th, 2023.
July 13, 2023 | 10:40 am
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POSITIVE IMPACT
The Trade Desk's inclusion in the Nasdaq-100 Index is likely to increase its visibility and could attract more investors, potentially driving its stock price up in the short term.
Inclusion in a major index like the Nasdaq-100 often leads to increased visibility for a company, as it gets added to various index-tracking funds. This can lead to increased demand for the company's shares, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100