Twitter (TWTR) Stock Up 8.4%, Analysts Caution

Shares of Twitter Inc. (TWTR) closed up +5.42 or +8.4 percent on Tuesday to $69.96 per share after making a new all-time high of $70.87 in a shortened pre-holiday trading session. The stock is up +169 percent from its initial public offering price of $26 per share made on November 7th, and +56 percent from its first dayâ s closing price of $44.90.

Twitter stock made a new high last Friday, trading through the $60 level and most analystsâ price targets, nevertheless, several analysts have reiterated their sell recommendations citing an overvaluation of the stock and a possible short squeeze.
San Francisco, California based Twitter is a social media and microblogging service best known for allowing subscribers to â

Published on Dec 26, 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.

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