News Byte

Twitter’s Tanking

After a wild run last week that saw them soar to an all-time high of $74.73, shares of Twitter are crashing brutally back to earth. The company’s stock tumbled more than six percent in early trading Monday, falling to $59.43. The reason? That’s not entirely clear, though perhaps investors are realizing that there’s no fundamental business change with which to rationalize last week’s run.

News Byte

Twitter Stock Has a Very Merry Christmas

Shares of Twitter jumped another 2.5 percent upon opening on Thursday morning, trading at $71.65 per share — yet another all-time high for the newly public company. In a little over a month of its trading on the New York Stock Exchange, the stock has soared to gains of more than 200 percent of its debut price of $26 per share.

News Byte

Twitter Shares Hit Record High

Shares of Twitter climbed to $52.58 on Tuesday afternoon, an all-time high for the newly public microblogging network, which debuted on the New York Stock Exchange last month. The rally comes shortly after the company introduced a new retargeted advertising product, which may have boosted investor confidence in Twitter’s monetization prospects.

News Byte

Positive News Pushes Apple Stock to Highest Close in Nearly a Year

Apple just charted its best Wall Street close in nearly a year. Bolstered by news of excellent Black Friday sales and rumors of a looming iPhone deal with China Mobile, shares of Apple closed at $566.32, having risen more than $15, or 2.7 percent, over the course of the day. That’s the best close the company’s stock has had since Dec. 4, 2012.

Bitcoin, Schmitcoin — Tech Stocks Also on a Frothy Run

Up, up, and away.
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News Byte

Yahoo Increases Share Buyback Plan to $5 Billion and Announces Debt Deal

Yahoo’s board, which just met, has increased its share buyback authorization by $5 billion, a move which should keep its already Alibaba-lifted stock in place for the short term. The Silicon Valley Internet giant also said it was doing a $1 billion debt offering of convertible senior notes and that it intends to use the money for things like stock buybacks and possible acquisitions. Yahoo has been aggressively purchasing its own stock under the tenure of CEO Marissa Mayer.

Twitter Shares Down on Second Day Opening

A four percent drop on day two.
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News Byte

Twitter Raises Share-Price Range Ahead of IPO

Twitter on Monday raised the price range for its shares in the days before its initial public offering, placing the range at $23 to $25 per share. With the new range — which was upped from its previous spread of $17 to $20 per share — the company could raise up to $1.75 billion in its public market debut.

HP Rises on a Day Full of Unusually Good News

One day, two victories.
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Carl Icahn Talking Up Apple Again