Twitter Stock Rebounds After A Down Week

Twitter took some hits this week through a combination of factors exerting downward pressure on the stock. First off, last week’s earnings report didn’t have the user engagement numbers that many were hoping for. Second, the employee lockup period ended on Tuesday which freed employees to cash out and sell their stock.

The stock opened the week at $38.75 and dropped as low as $29.58 on Tuesday before resurging. Apparently $30 is the number where investors feel Twitter is still a deal and there has been good momentum on Thursday so far.