TTD Trade Update

Will it open down 5% or more?

TTD is trading lower in the pre-market, despite a top- and bottom-line beat and a better-than-expected guide.

I think other growth stocks — RBLX, SHOP, etc. — and the Russian news are weighing on it. Ophir does a great job illustrating TTD’s report in this tweet.

SHOP’s losses have grown significantly since we looked at it this morning. That may very well take it out of play and that’s just as well. For TTD, an open below Tuesday’s low of $77.10 makes things interesting.

The Trade