The share of The Trade Desk $TTD (+7,22%) are under heavy pressure today. The main trigger is the surprising resignation of CFO Alex Kayyal with immediate effect - after only five months in office. As this is already the second change of CFO in less than six months, investors are reacting nervously to the apparent instability in management.
Additional headwinds are coming from analysts (Citizens JMP), who have downgraded the share due to growing competition. The fact that TTD confirmed its sales forecast for the fourth quarter at the same time could not offset the uncertainty on the market caused by the abrupt change in personnel.
