Here's Your Second Chance To Buy In On The Twitter IPO
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.
I always worry about companies keeping top talent when stock drops below IPO price. $TWTR
— Andy Swan (@AndySwan) August 20, 2015
— howardlindzon (@howardlindzon) August 20, 2015
— Benzinga.com (@Benzinga) August 20, 2015
— Jean Fonteneau (@JFinDallas) August 20, 2015
— Timothy Connolly CFA (@SconsetCapital) August 20, 2015
$TWTR likely going to low 20s. Essentially in free fall mode at the moment.
— Abdel Ibrahim (@abdophoto) August 20, 2015
I guess those buyout rumors were just that, rumors & noise made by noisemakers. shocking i know. See why we don't listen to that crap? $TWTR
— J.C. Parets (@allstarcharts) August 20, 2015
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