Teads Stock Rises as Big Tech Drops, Traders Eye $1 Nasdaq Level
Teads shares climbed 6.5% to $1.225 Friday, bucking a 4.5% drop in the QQQ ETF and declines in ad tech peers. CEO David Kostman bought 46,500 shares between May 29 and June 2, SEC filings show. The company faces a June 22 Nasdaq deadline to keep its share price above $1 for 10 days. Teads last reported first-quarter revenue down 7% to $266 million and adjusted EBITDA down 93% to $0.8 million.