|Bid||8.46 x 1200|
|Ask||8.73 x 800|
|Day's range||8.45 - 9.02|
|52-week range||5.41 - 38.15|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||N/A|
|Earnings date||26 May 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||18.31|
In the face of a far-reaching correction and ongoing bear market for technology companies, some of China's most widely followed stocks staged a broad relief rally on Tuesday. Like many technology stocks, these issues had fallen to multi-year lows, as investors considered a resurgence of the pandemic in China, an ongoing government regulatory crackdown, and the uncertainty of the overall economic picture. China's Vice Premier Liu He, the country's top economic advisor, appeared at a symposium Tuesday, and said after the event that Beijing would support companies that are central to the digital economy in China.
Chinese tech stocks were rallying across the board today with small-cap players Huya (NYSE: HUYA), Baozun (NASDAQ: BZUN), and Hello Group (NASDAQ: MOMO) among the winners. The major news driving the sector higher was that political leaders once again said they would take steps to end the crackdown on the tech sector, and to support the economy after tightening regulation had dragged down Chinese stocks and slowed economic growth. As of 12:19 p.m. ET, Huya was up 9%, Baozun had jumped 13.1%, and Hello Group had gained 17.3%.
Over the past few months, inflation, rising interest rates, and other macroeconomic headwinds caused many investors to dump their growth stocks and buy value stocks instead. The Trade Desk owns the world's largest independent demand-side platform (DSP) for digital ads. In other words, The Trade Desk will benefit from the slow death of linear TV platforms and the rise of streaming services.