Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday May 03, 2016

Twitter Shares Hit Lowest Level Ever

Now that Twitter's shares are at an all time low, we should start taking bets on just how low the stock will go. Wall Street seems to think shares will rebound but, in my total non-professional opinion, I think more hurting is on the horizon for Twitter's stock if the company can't get its poop in a group.

Twitter is down 40% this year. It is nearly 50% below its IPO price of $26 and more than 80% lower than the peak of $74.73 it hit way back in December 2013 -- one month after it went public. (Those were the days!) There wasn't any news to explain the stock's slide on Tuesday. But Twitter has continued to slip since it reported earnings last week. Sales missed forecasts and investors were also disappointed by the company's outlook.