Twitter Inc TWTR shares are trading higher by $0.25 at $17.71 in Thursday's session. The issue peaked off its opening print of $18.10. Investors bid up the issue off the open, when it was revealed in a Form 4 filing that Chairman Omid Kordestani purchased 122,250 shares of the issue at $16.34 on February 16.
The retreat off the open found support just under the upper-end of Wednesday's range ($17.60), reaching $17.52.
Twitter has not closed above $18 since January 14, when it ended the session at $19.
Its all-time low was made on the day following its Q4 report at $13.91 on February 11.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.