The Trade Desk Stock News

Cathie Wood is one of the country's best known growth investors, but sometimes, she acts like an umbrella-toting value investor. The Ark Invest co-founder, CEO, and chief investment officer is often adding to some of her sinking positions on any given market day, and that's exactly what she did on the final trading day of last week.

The Trade Desk (TTD 1.49%) stock tumbled on its second-quarter earnings report, but prior to that, the leading independent demand-side platform (DSP) had been building momentum through July into the earnings report.

True to form, advertising technology stock The Trade Desk NASDAQ: TTD saw huge volatility after its latest earnings release. This time, it wasn't for the better.

Friday was a tough day for shareholders of The Trade Desk (TTD -38.66%). The company released its quarterly financial report after the market close on Thursday, and the results appeared solid at first glance.

TTD's almost 40% plunge justifies my previous caution, as I warned investors to be wary about getting too excited with The Trade Desk then. TTD's less than stellar Q3 guide has spooked investors about more aggressive competition from Amazon, as its growth premium crumbled. The Trade Desk operates in a growing CTV market opportunity, which should help mitigate some of the competitive pressure.

The Trade Desk (TTD -38.66%) had its worst day as a public company on Friday, Aug. 8. Shares dropped nearly 40% as investors processed second-quarter financial results, the departure of CFO Alex Kayyal, and a cautious outlook due to tariff uncertainty.

The Trade Desk (NASDAQ: TTD) shares suffered a brutal 38% plunge on Friday, closing at $54.23 in their steepest single-day drop on record. Year-to-date, the stock is now down 54%.

The company reported revenue growth for the second quarter but saw its stock price drop.