The stock markets have been going up so far and for so long that many analysts predict a correction is in store. The S&P 500 hit a record high today (Wednesday) to trade above its record high hit last week, and the Dow Jones Industrial Average hit record highs Monday and Friday.
While the Twitter IPO dominated headlines last week, we aren't fans of the stock. There are much better places to put your money to profit from these record market highs, as we've detailed below.To continue reading, please click here...
Twitter (NYSE: TWTR) Stock Gains 73% Today Thanks to IPO Fever
The hottest IPO of 2013 hit the market today, and Twitter (NYSE: TWTR) stock lived up to its hype... (today, anyway).
Shares of Twitter opened at $45 a share, 73% above its initial public offering price. Within minutes, shares surged another $5 to $50.08 a share, up nearly 90%.
TWTR ended the day at $44.94.
Shares began trading on the New York Stock Exchange around 10:50 a.m. Thursday under the symbol TWTR. Thirty-eight million shares changed hands within 10 minutes. Unlike Facebook Inc.'s (Nasdaq: FB) IPO fiasco, Twitter's debut went off without a hitch.To continue reading, please click here...
Twitter IPO Is Out of the Gate – and Reality Is Out the Window
The Twitter (NYSE: TWTR) hype machine is in full gear, and the first trades are now indicating $45, up 73% from the $26 pricing last night.
If the stock market were a pinball machine, it would read "tilt."
Twitter's gross revenue is slowing. It's up only 6.1% in Q3 2013 from a year ago versus 10.6% in 2012 and 17.1% in 2011.Here’s how those investors were hoodwinked…
Twitter IPO Price Conservative at $11 Billion; Date Moves to Nov. 6
Facebook's anemic 2012 initial public offering has gone down in history as one of the great IPO flops. Twitter, it seems, is eager to avoid repeating Mark Zuckerberg's mistake, with the Twitter IPO price set at a modest $17 to $20 per share.
At that price range, the offering of 70 million shares will raise between $1.1 and $1.4 billion for the company. It will give the company an initial market capitalization around $11 billion, excluding warrants, options, and restricted stock units.there's something you should know about the latest tech darling...
Twitter Stock to Trade as NYSE: TWTR; IPO to Price Nov. 14
San Francisco-based Twitter Inc. (NYSE: TWTR) has found a new home on Wall Street: the Big Board.
"We intend to list the common stock on the New York Stock Exchange under the symbol TWTR," read Tuesday's amendment to the company's Form S-1 filing with the U.S. Securities and Exchange Commission.
Twitter's roadshow to meet with potential investors will take place from Oct. 28 to Nov. 6. The stock is expected to price Nov. 14 and begin trading on Nov. 15, CNBC reported.
The Twitter IPO is one of the most hotly anticipated initial public offerings of 2013 - but the company faces a number of obstacles.To continue reading, please click here...