Twitter (TWTR) has risen sharply, recording gains of 3.32% in the past 4 weeks. However, the stock has corrected -2.87% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.93% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Twitter, Inc. is up 31.53% in the last 3-month period. Year-to-Date the stock performance stands at -17.98%. The stock has recorded a 20-day Moving Average of 3.46% and the 50-Day Moving Average is 8.8%.
Twitter (NYSE:TWTR): The stock opened at $18.96 on Friday but the bulls could not build on the opening and the stock topped out at $19.31 for the day. The stock traded down to $18.76 during the day, due to lack of any buying support eventually closed down at $18.98 with a loss of -0.11% for the day. The stock had closed at $19.00 on the previous day. The total traded volume was 17,026,064 shares.
Also, Evercore ISI Group downgrades their rating on the shares of Twitter (NYSE:TWTR). The current rating of the shares is Sell. Earlier, the shares were rated a Hold by the brokerage firm. Equity Analysts at the Firm lowers the price target to $17 per share from $18 per share. The rating by the firm was issued on August 18, 2016.
Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users, advertisers, developers and platform and data partners. Products and services for users enables a way for people to create, distribute and discover content, which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products, which enable its advertisers to promote their brands, products and services, and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools, public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform, syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.