Twitter Inc TWTR shares are trading higher by $0.89 (6.5 percent) at $14.91 in Monday's session. Some investors are banking on the issue being targeted as a takeout candidate as its one of the few standalone separators left in the social media space.
The rally from the pre-market session continued into the regular session. After a higher open ($14.63 vs. Friday's close of $14.02), it fell back one penny to $14.62 before continuing its move higher. So far, it has reached $15.30 before falling back under $15. That high is just one of the multiple highs its made in late May and early June at the $15.40 area.
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