Digital Turbine Advances 6% Despite Shelf Registration Overhang, AppLovin Rises 4%, Trade Desk and Magnite Sit Out the Rally
Ad-tech stocks are diverging on Thursday afternoon, with Digital Turbine rising 6% to $11.68 and AppLovin climbing 4% to $315.88, while Trade Desk and Magnite are not participating in the rally.
Why it matters — A MGNI watcher would note the stock remained flat amid an ad-tech sector rally, indicating it sat out the day's gains.