Shares of Twitter dropped by a staggering 23.13% in 14 days from $69.68 to $53.56 at 01:56 EST on Thursday, after five consecutive sessions in a row of losses. NYSE Composite is rising 0.36% to $16,348.41, following the last session’s upward trend,
Twitter’s last close was $54.40, 50.77% below its 52-week high of $80.75.
The company’s growth estimates for the ongoing quarter is 105.8% and a drop 10.5% for the next.
Year-on-year quarterly revenue growth grew by 28.3%, now sitting on 3.94B for the twelve trailing months.
Twitter’s Stock Yearly Top and Bottom Value
Twitter’s stock is valued at $53.56 at 01:56 EST, way under its 52-week high of $80.75 and way higher than its 52-week low of $25.06.
Twitter’s Moving Average
Twitter’s value is way under its 50-day moving average of $68.36 and below its 200-day moving average of $53.59.
Previous days news about Twitter
Twitter is opening its exclusive audio chat rooms to more people, and hosts can soon collect money on ticket sales. According to Business Insider on Monday, 3 May, "The feature allows Twitter users to set up live audio conversations and broadcast them to listeners.", "In the future, hosts will be able to set prices and the number of tickets available, and Twitter will take a slice of the proceeds. "
Twitter to let users sell tickets to live audio chats on spaces. According to Bloomberg Quint on Monday, 3 May, "Even Clubhouse, the startup that inspired Twitter Spaces, has yet to widely release an Android app.", "Now any Twitter user can listen to an audio discussion on Spaces through the iPhone or Android app, and users with more than 600 followers can host."
Twitter acquires ad-free news reader scroll. According to Bloomberg Quint on Tuesday, 4 May, "Twitter envisions the two products working together, and saids users may one day pay to read newsletters or stories from certain publishers directly on Twitter without any ads.", "Scroll will temporarily halt new subscribers while its 13-person team joins the social media company, Twitter said Tuesday in a blog post. "
Elliott buys more than $200 million twitter shares on dip. According to Bloomberg Quint on Monday, 3 May, "Elliott likens the decline to similar swings in the company’s stock after advertisers pulled back spending during the Black Lives Matter protests last year, and when Twitter banned former U.S. President Donald Trump, the people said. ", "Elliott disclosed a stake in Twitter last year, though it’s not clear how big it currently is."
Cathie wood buys twitter dip amid worst plunge since October. According to Bloomberg Quint on Monday, 3 May, "That slide came after after Twitter reported disappointing first-quarter sales, in contrast to the stronger-than-expected results from other big tech companies, including Facebook Inc. and Alphabet Inc.", "Her $23 billion flagship ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) — the two funds that bought Twitter shares — are down 3.5% and up just 1.5% this year, respectively, after posting triple-digit returns in 2020."
More news about Twitter.