India, July 15 -- Shares of Trade Desk, Inc. (TTD) gained over 10% on Tuesday morning after the company announced it is set to join the S&P 500.
TTD is currently trading at $83.14, up $7.71 or 10.21%, on a heavy volume of 14.8 million shares, above the average volume of 8.5 million, on the Nasdaq. The stock opened its trading at $85.30 after closing Monday at $75.43. The stock has traded between $42.96 and $141.53 in the past 52-week period.
Trade Desk will replace ANSYS Inc. (ANSS) in the S&P 500 effective before the opening of trading on Friday, July 18. S&P 500 constituent Synopsys Inc. (SNPS) will acquire ANSYS in a deal expected to be completed on July 17.
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