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