Twitter (TWTR) Stock Lower the Day After IPO
Shares of Twitter Inc. (TWTR) closed down -3.25 or -7.24 percent on Friday to $41.65 per share. Trading in the new issue was extremely volatile on its first day, with the stock reaching a high of $50. The initial offering price of $26 per share was determined on Wednesday and was increased from the $17-$23 original offering price. Twitter stock closed its first day of trading at $44.90 per share, up an impressive 73% from its $26 offering price.