Twitter stock slides on 2nd trading day

The Associated Press

Published: November 8, 2013 10:12 am
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

New York • Twitter's stock is retreating on its second trading day after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.

Such volatile trading is common for freshly public stocks as investors gauge supply and demand with limited insight into how well the companies will do on the long run.

Twitter's stock is down 4.2 percent to $43 in late morning trading despite an uptick in the broader market.

The stock had surged on Thursday, its first day trading, closing 73 percent higher than the $26 IPO price that was set on Wednesday night.

© Copyright 2024 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.