Trade Desk gains cut back after Citron warns on Apple's ad move

|About: The Trade Desk (TTD)|By:, SA News Editor

Andrew Left and Citron Research weren't done moving stocks this week after goosing Snap yesterday; a late afternoon tweet about The Trade Desk (NASDAQ:TTD) likely spurred investors to pare gains in the ad-tech stock.

Pointing to a report about Apple's latest toe dipped into digital advertising, Citron tweets "$TTD watch out. Look who might be selling ads outside of the walled gardens $AAPL."

"A gamechanger in the ad world if WSJ reports on WWDC are true. Expect lower take rates fast. Analysts $80 $TTD targets might be too generous," Citron continues.

Up as much as 6.8% today, TTD pared gains into the close to finish up just 1.3%.