PUBM - Ad-techs gain in wake of 25% post-earnings jump at The Trade Desk
Ad-tech stocks that often move in concert are higher this morning following stellar results from The Trade Desk (NASDAQ:TTD), up 25.5% and tagging its highest point since Aug. 11 following a solid earnings beat. PubMatic (NASDAQ:PUBM) is 9.2% higher in sympathy trading. Criteo (NASDAQ:CRTO) is up 2% in response. Magnite (NASDAQ:MGNI) is up a healthy 7%; it tumbled by double digits Thursday after its own results (which also sent its ad-tech peers trading lower). Also higher in the advertising technology space: TechTarget (NASDAQ:TTGT) +3.1%; Cardlytics (NASDAQ:CDLX) +1.5%. Roku (NASDAQ:ROKU) isn't an ad-tech but it has moved along with the names in the past, and is up 0.9% on the day, still rebuilding from the decline off its own earnings report.
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Ad-techs gain in wake of 25% post-earnings jump at The Trade Desk