Market Overview

Here's Your Second Chance To Buy In On The Twitter IPO

Share:
Here's Your Second Chance To Buy In On The Twitter IPO
Related TWTR
Apple's Record Run In 2017 Beefs Up Its Already Bloated Market Cap
Facebook's Revenue Growth Rate 50x That Of Twitter
How Facebook Is Using The 'App Of War' To Fight Snapchat (Investor's Business Daily)

Twitter Inc (NYSE: 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.

Posted-In: Technicals Intraday Update Movers Tech Trading Ideas Best of Benzinga

 

Related Articles (GOOG + TWTR)

View Comments and Join the Discussion!