Twitter Crosses $25, At Highest Levels Of 2016

Twitter Inc TWTR crossed the $25 level Wednesday afternoon. Why is this notable? It's the first time the stock has reached that level this year.

The stock closed December 31, 2015, at $23.14. It steadily fell as the months went on, briefly falling below $14 a share. However, a wave of takeover rumors in the second half of the summer turned the stock's fortunes around.

Related Link: Here Is Every Twitter Takeover Rumor Of 2016

The company has actually been the subject of over a dozen M&A rumors since the start of the year. CNBC's David Faber reported September 23 that the social media company is moving closer to a sale. Since then, names like salesforce.com, inc. CRM, Walt Disney Co DIS and Alpahabet Inc GOOG have been repeatedly mentioned as possible bidders.

The Wall Street Journal reported Tuesday night that bidders could come as soon as this week, which has pushed shares up about 6.8 percent to $25.12 at time of writing.