Actionable news
0
All posts from Actionable news
Actionable news in TWTR: TWITTER Inc,

Twitter's stock surges toward biggest 2-day rally in its history

Twitter Inc.'s stock TWTR, +7.68% shot up 6.2% on heavy volume in afternoon trade Friday, extending gains after better-than-expected results were reported before the previous session's open. Volume ballooned to 44.9 million shares, nearly triple the full-day average, The stock has now rocketed 25.9% over the past two sessions, the biggest two-day rally since the social media company went public in November 2013. The previous biggest two-day gain was when it ran 25.4% in the two days ending Sept. 26, 2016, on the back of takeover speculation. The current two-day rally comes after an eight-session losing streak, which was the longest such streak since the eight-day stretch ending Jan. 13, 2016. The stock has now rallied 32.3% year to date, while the tech-heavy Nasdaq 100 NDX, +2.95% has surged 27.7% and the S&P 500 SPX, +0.80% has gained 15.3%.


More