Ventura’s The Trade Desk joins S&P 500 index
Shares of The Trade Desk received a nice bump in after-hours trading on July 14 after it was announced that the ad-tech company would be joining the S&P 500 beginning on July 18.
The Trade Desk, which first went public in 2016, saw shares close at $75.43 on July 14 and then saw those same shares jump 15% in after-hours trading following the announcement.
Shares are still down about 35% since the start of the year, though that is not factoring in the after-hours bump.
The Trade Desk will be replacing Ansys in the S&P 500. Ansys was acquired by fellow S&P 500 constituent Synopsys, with the deal being completed on July 17.
The Trade Desk is the second Central Coast-based publicly traded company to join the S&P 500 as Thousand Oaks-based Amgen has been in the index since 1992. Amgen is also part of the Dow Jones Industrial Average. Amgen was added to the Dow in August 2020, replacing Pfizer.
