Nov 08, 2013
By Michael Kramer
After yesterday’s huge surge – Twitter’s stock is giving back some of its gains.
On day two of trading Twitter stock was off more than four per cent to $43 dollars in late morning trading.
It closed yesterday at almost $45 dollars a share – more than 70 per cent higher than the $26 dollar I-P-O price set on Wednesday night.
It’s common to see volatile trading numbers for new public stocks as investors gauge supply and demand – with limited insight into how well the company will do in the long run.
Twitter shares closed at $41.65 – that’s down about seven percent.