Twitter stocks jump 2.5% post Christmas day
Washington – Twitter’s shares reportedly jumped 2.5 percent following Christmas and traded at another all-time high of 71.65 dollars per share.
The microblogging site made its public debut with 45.10 dollars per share price on its first day of trading and briefly topped 50 dollars that day but it went down to a low of 38.80 dollars in the following weeks as analysts deemed it to be ‘too expensive’.
According to AllThingsD, trading under the New York Stock Exchange, Twitter stock has soared to gains of more than 200 percent of its initial price of 26 dollars per share that was later increased.
Earlier this month, the company stocks hit a new high with shares priced 51 dollars apiece after announcement of its plans for mobile advertising based on users’ web browsing history.