Twitter (TWTR) : Traders are bullish on Twitter (TWTR) as it has outperformed the S&P 500 by a wide margin of 2.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.96%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.52% in the last 1 week, and is up 0.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.17% and the 50-Day Moving Average is 3.75%.The 200 Day SMA reached 7.14% Twitter, Inc. is up 18.7% in the last 3-month period. Year-to-Date the stock performance stands at -17.42%.
Twitter (TWTR) : The most positive equity analysts on Twitter (TWTR) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $16.25 with an expected fluctuation of $3.67 from the mean.
Company shares have received an average consensus rating of Hold for the current week Twitter (NYSE:TWTR): The stock opened at $18.9 and touched an intraday high of $19.25 on Friday. During the day, the stock corrected to an intraday low of $18.74, however, the bulls stepped in and pushed the price higher to close in the green at $19.11 with a gain of 4.43% for the day. The total traded volume for the day was 40,346,697. The stock had closed at $19.11 in the previous trading session.
Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users, advertisers, developers and platform and data partners. Products and services for users enables a way for people to create, distribute and discover content, which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products, which enable its advertisers to promote their brands, products and services, and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools, public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform, syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.