Twitter Enjoys Biggest One-Day Stock Rally Since IPO
Twitter (TWTR) enjoyed its biggest single-day rise since its IPO in November, with the stock jumping 9.3 percent to $49.14 yesterday.
The market flirted with the $50 level before easing back a whisker at the close, giving Twitter a market capitalisation of $27.9 billion.
17.37 million shares changed hands.
Twitter rose 73 percent on the day of its IPO, peaking at $50.09 before drifting back down over the rest of the day to settle at $44.90, and continued to edge lower through November 25th, registering a bottom of $38.80.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in