Trade Desk Slides in After-Hours Trading on Mixed-Shelf Filing

Trade Desk Inc shares moved lower in Monday's after-hours trading after the company filed a prospectus with the U.S. Securities and Exchange Commission for a mixed-shelf offering.

Trade Desk stock is showing a downward bias. What's the outlook for TTD shares?

Trade Desk Files for Offering

Trade Desk submitted a filing to the SEC on Monday, potentially offering and selling common stock, preferred stock, debt securities, warrants, or units from time to time in one or more offerings.

The terms and size of the offering were not disclosed. A prospectus supplement will be required whenever the company or any selling shareholder decides to offer and sell any securities.

As of June 30, Trade Desk held approximately $1.12 billion in cash and cash equivalents.

TTD Stock Declines

TTD Price Action: Trade Desk shares fell 2.13% in after-hours trading, trading at $12.99 at the time of writing on Monday. The stock is down roughly 65% year-to-date and is trading near its 52-week low of $12.83, hit in early August.