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Twitter’s Rally Retreats

After hitting a high of $74.73 last week, Twitter Inc (NYSE:TWTR) shares have retreated back to the $60 a share range. Shares are currently down 5 percent. Last week Thursday and Friday, analysts from SunTrust and Macquarie Capital downgraded the social media site. Both firms believe that twitter’s recent rally is unjustified. Twitter’s fundamentals remain the same post-IPO. According to the analyst from Macquarie Capital, shares in the social media site have moved “too fast, too far”. Twitter rapid rise is excessive!