Shares of Twitter slid by a staggering 20.86% in 14 days from $68.74 to $54.40 at 21:25 EST on Tuesday, after five successive sessions in a row of losses. NYSE Composite is dropping 0.22% to $16,289.27, following the last session’s upward trend,
Twitter’s last close was $54.58, 48.44% under its 52-week high of $80.75.
The company’s growth estimates for the present quarter is 106.5% 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 $54.40 at 21:25 EST, way under its 52-week high of $80.75 and way above its 52-week low of $25.06.
Twitter’s Moving Average
Twitter’s value is way below its 50-day moving average of $68.36 and higher than its 200-day moving average of $53.59.
Previous days news about Twitter
Twitter acquires news startup scroll in push for subscriptions. According to FX Empire on Tuesday, 4 May, "The deal will help Twitter build a subscription feature, such as letting users access premium features from news outlets or a writer’s Revue newsletter, Twitter added."
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. "
Cathie wood's ARK funds bought 1.3 million shares of twitter as the stock plummeted 15%. According to Business Insider on Monday, 3 May, "Cathie Wood’s Ark ETFs snapped up about 1.3 million shares of Twitter shares during the worst trading week for the social media company since last October."
Twitter will reportedly launch an ad campaign to help local journalists and news outlets gain more followers on the platform. According to Business Insider on Sunday, 2 May, "We think these two products in particular are a powerful part of the way journalists can have great conversations on Twitter and build a following," Patel told Axios of Twitter’s List and Spaces features.", "The advertisements will point users toward public Twitter Lists – the social-media platform’s feature that allows users to create lists of profiles and publicly share them – that feature local reporters and newspapers, according to Axios. "
Why cathie wood bought $72.4m in twitter as stock tanked post earnings-report. According to Business Insider on Monday, 3 May, "Cathie Wood-led Ark Investment Management bought over1.3 million shares, worth about $72.42 million, in Twitter Inc (NYSE:TWTR) on Friday as the stock slumped after the social media company reported lower-than-expected user growth in the first quarter.", "Given the recent product announcements centered around Twitter Spaces, a live audio feature, we believe that future user growth could surprise to the upside," Ark said in a note to investors over theweekend."
More news about Twitter.