Twitter Inc TWTR shares are trading higher by $1.72 at $18.52. Once again, the catalyst for the rally is renewed takeover speculation. This time it is rumored that Marc Andreessen and Silver Lake Partners have considered making a bid for the company.
The rumor instigated a higher open and its brief retreat off the open found support well ahead of the top of Friday's range ($17.07) at $17.54. The ensuing rally has taken the issue to $18.77 and is far off that level.
That marks the highest level for the issue since it peaked on January 20 at $19.04. The issue put in another high in that area on January 14, when its rally ended at $19.16.
It has not closed at $19 or above since January 14, when it ended the session right at $19.
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