Teads Stock Rises as Big Tech Drops, Traders Eye $1 Nasdaq Level
Teads Holding Co. shares rose Friday afternoon, gaining ground as most technology stocks fell. The small-cap ad tech company drew investor attention while working through its $1 share-price level. The stock was last seen at $1.225, gaining 7.5 cents, and touched $1.245 at the session high. Market data put its value near $118 million. The jump came even as tech stocks broadly dropped after a solid U.S. jobs report stoked fear the Federal Reserve might keep its hawkish stance.