Twitter Stock Down 41% Since Dorsey Was Named CEO

Jack Dorsey was named Twitter Inc TWTR's CEO back in early October, 2015. Since Dorsey's appointment, Twitter's stock has lost 41 percent of its value, marking a rough ride for shareholders. Shares of Twitter plummeted to a new 52-week low of $15.48 on Wednesday before staging a brief surge to an intra-day high of $19.04 - only to reverse course and decline. Twitter's stock was trading at $17.20, up 3.07 percent heading into the final hour of trading on Wednesday. Investors began buying the stock after unconfirmed reports surfaced that the company may be acquired by News Corp NWSA. However, after the New York Post's Clair Atkinson tweeted that News Corp isn't looking to acquire the company investors began selling the stock yet again.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsClair AtkinsonJack DorseyNew York PosttwitterTwitter's Stock
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!