Market Overview

Twitter Stock Down 41% Since Jack Dorsey Was Named CEO

Twitter Stock Down 41% Since Jack Dorsey Was Named CEO
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Jack Dorsey was named Twitter Inc (NYSE: TWTR) CEO 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 recently traded 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 (NASDAQ: 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.

Posted-In: Clair Atkinson Jack Dorsey New York Post twitterNews Top Stories Movers Tech Best of Benzinga


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