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The next day of trading after the IPO (May 21), the stock closed below its offering price, at $34.03. [41] The stock saw another large loss the next day, closing at $31.00. [41] A 'circuit breaker' was used in an attempt to slow down the decline in the stock price. [42] The stock increased modestly in coming days, and Facebook closed its first ...
The stock struggled to stay above the IPO price for most of the day, forcing underwriters to buy back shares to support the price. [32] At the closing bell, shares were valued at $38.23, [ 33 ] only $0.23 above the IPO price and down $3.82 from the opening bell value.
What Twitter Is Worth. Share Price, 52-Week Range . $31.30-$69.81. 2021 Revenue. $5.077 billion. ... Twitter stock had lost all of the gains it had made following the news of Musk’s 9.2% stake.
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
Twitter’s stock dropped as much as 12% at the market open Jan. 11, before paring losses somewhat to stand at -5% by 1 p.m. ET. The decline comes after Twitter shares had a 37% run-up in the last ...
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Stocktwits is a social media platform designed for sharing ideas between investors, traders, and entrepreneurs. [1] Founded in 2008 by Howard Lindzon and Soren McBeth, it introduced the use of the cashtag, a way to group discussions around a stock symbol preceded by a dollar sign. [2]
With conservatives preparing to strike back against Twitter (NYSE:TWTR) in multiple ways, the company is in a precarious position and its shares’ risk-reward ratio is negative. Therefore, I ...