Twitter Inc TWTR shares are down more than 3 percent on Thursday and are nearing their IPO price of $26.
The social media company went public on November 6, 2013 and hit an intra-day high of $50.09 before closing its first day on the New York Stock Exchange at $44.90. That was the best of times for the stock, however.
Twitter is down more than 25 percent over the past month and even more in 2015 after a series of events has caused investors to flee:
- April 28, 2015: Shares lost nearly 20 percent at the end of the trading day after earnings were leaked and management cut guidance.
- June 11, 2015: A SEC filing revealed Dick Costolo was stepping down as CEO. Jack Dorsey was named interim CEO.
- July 28, 2015: Twitter's second-quarter report, which included a guidance cut, sent the stock down 10 percent.
Second Chance To Buy At IPO Price?
Twitter users themselves are saying a lot about the stock as it approaches it IPO price.
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