Trade Desk jumps after inclusion in S&P500 index

The Trade Desk saw a 14% increase in after-hours trading following its inclusion in the S&P 500 Index, replacing ANSYS starting July 18.

The inclusion in the S&P 500 marks a significant milestone for The Trade Desk amidst recent challenges.

Despite the surge in stock price to $86.30, The Trade Desk's stock has declined over 35% year-to-date, in contrast to a 6% increase in the S&P 500.

The change in the S&P 500 is linked to Synopsys's acquisition of ANSYS, expected to finalize shortly before the trading adjustment.

Recommendation Rating: Positive Momentum for The Trade Desk

The Trade Desk (NASDAQ:TTD) experienced a remarkable surge of 14% in after-hours trading on Monday, following its inclusion in the S&P 500 Index. This adjustment means that the digital advertising platform will take ANSYS's (NASDAQ:ANSS) place in the index, with the effective date set for the commencement of trading on Friday, July 18. This change comes in the wake of Synopsys's (NASDAQ:SNPS) acquisition of ANSYS, anticipated to be finalized on July 17.

In after-hours trading, The Trade Desk’s shares reached $86.30. Despite this positive development, the company's stock has seen a decline of over 35% year-to-date, contrasting with a 6% increase in the S&P 500 Index during the same period.