Shares of digital ad stocks are trading lower. Sympathy may be due to weakness in Meta, which fell after reporting Q3 results.
Portfolio Pulse from Benzinga Newsdesk
Shares of digital ad stocks are trading lower, possibly due to weakness in Meta Platforms Inc., which fell after reporting Q3 results.
October 26, 2023 | 6:54 pm
News sentiment analysis
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NEGATIVE IMPACT
Magnite Inc. (MGNI) shares may be trading lower due to weakness in the digital ad sector, influenced by Meta's Q3 results.
As a digital ad stock, Magnite Inc. is likely to be affected by the overall sector performance. Meta's weak Q3 results could have a negative impact on the sector, leading to a potential decrease in MGNI's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
The Trade Desk Inc. (TTD) shares may be trading lower due to weakness in the digital ad sector, influenced by Meta's Q3 results.
As a digital ad stock, The Trade Desk Inc. is likely to be affected by the overall sector performance. Meta's weak Q3 results could have a negative impact on the sector, leading to a potential decrease in TTD's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75