Twitter’s share price has endured a somewhat turbulent existence since the company filed for its initial public offering (IPO) in November last year.
Priced at $26, the stock spiked higher and continued to rally right up until Christmas, before undergoing a fairly sharp descent from $73.71 right down to a $30.50 close on May 23, 2014.
Since then, however, Twitter hasn’t really looked back – with yesterday’s big ‘Buy’ button announcement, the market added another 2.56 percent to recent gains, closing at an even $52. This means since May Twitter has rallied more than 70 percent.
Still a ways to go before until we see the December 2013 highs again, but the stock – and the company – looks significantly more appealing to investors now than it did a few months back.