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.

Nevertheless, some analysts claim the enormously successful Twitter IPO may have been priced too high at $26 per share when the company had originally priced the IPO at $17 per share. Daily Chart
San Francisco, California based Twitter is a social media and microblogging service that gives users the ability to â

Published on Nov 11, 2013
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

Posted in ...