651 posts and columns on stock
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.
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.
News Byteregulatory filing, Yahoo said that it completed its previously announced offering of $1.25 billion in convertible senior notes due in 2018. The Silicon Valley Internet giant said it would use the net proceeds for a number of corporate purposes, including “acquisitions or other strategic transactions, additional repurchases of common stock and working capital.”