News
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.
Trade Desk’s stock is soaring, with the ad-tech company set to replace Ansys in the benchmark index later this week.
TTD stock rose after being added to S&P 500, receiving positive ratings from analysts. Price forecast lowered but still ...
Trade Desk (TTD) stock is surging on news that the company will join the S&P 500 (^GSPC), replacing Ansys (ANSS). Robinhood ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback