TWITTER GIVES BACK ABOUT 7 PERCENT ON SECOND DAY OF TRADING

Nov 08, 2013

By Michael Kramer

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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.

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