The Trade Desk (TTD) closed the most recent trading day at $60.45, moving +0.43% from the previous trading session.
The stock market has shown remarkable resilience so far this year despite the odds of a recession and the recent banking turmoil in the U.S., which is evident from the S&P 500 index's 4% gains in 2023. It is worth noting that the S&P 500 has a history of bouncing back strongly following a bear market. The index has averaged a 38% return in the 12 months after hitting lows during a bear market.
I'm willing to bet that most investors wish they'd bought shares of then-obscure digital advertising technology company The Trade Desk (NASDAQ: TTD) when it went public in 2016. It closed its first day of trading around $3 per share (adjusted for its stock split), meaning a $10,000 investment then would be worth $200,000 today.