Twitter, Inc. (NYSE:TWTR)
During Friday’s afternoon trade, Shares of Twitter, Inc. (NYSE:TWTR), lost -3.64% to $25.18. This market price is below their initial public offering price, touching lows that haven’t been seen since Oct. 2, the week before Jack Dorsey was designated as chief executive officer. Twitter, Inc. (NYSE:TWTR), which has declined more than 10 percent this week, was down 2.9 percent at $25.38 at 3:10 p.m. in New York, according to Bloomberg.
Dorsey’s reign started strong, with several big declarations: picking a new chairman, cutting 8 percent of the workforce and introducing Moments, a product meant to assist Twitter, Inc., appeal to more casual users. But the shares have been slipping since the company forecast fourth-quarter sales that missed estimates.
As companies in Silicon Valley stay private ever longer, Twitter, Inc. (NYSE:TWTR)’s experience in the public markets acts as a warning. The company debuted to much fanfare in November 2013, reaching a high of $73.31 on Dec. 26 of that year, before scrutiny of its performance let to share declines, executive shuffles and eventually the replacement of its CEO.
Twitter, Inc. (NYSE:TWTR), operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
LinkedIn Corp (NYSE:LNKD)
Shares of LinkedIn Corp (NYSE:LNKD), declined -3.94% to $243, during its current trading session.
The market capitalization for the company is reported at $247.59.
LinkedIn Corp (NYSE:LNKD), is moving on low volume, trading at a volume of 442,578.00 shares, for now, as compared to its average daily volume of 1.96M shares. At $247.59, the stock is losing momentum as shares are down from a peak price of $276.18 recorded on Feb 26, 2015. The stock is up 7.73% in this year through last updated price.
LinkedIn Corp (NYSE:LNKD), is having its 200-day moving average of $206.26 and $212.13 as its 50-day moving average. The stock, as of now, is showing weekly upbeat performance of 1.29%, which is maintained at 9.44% in 1-month period.
Analysts mean recommendation for the stock is 1.90. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
LinkedIn Corp (NYSE:LNKD), together with its auxiliaries, operates an online professional network worldwide. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities. It also offers LinkedIn mobile applications across a range of platforms and languages, counting iOS for iPhone and iPad, Android, Blackberry, Nokia Asha, and Windows Mobile; and a public Website that allows developers to integrate its content and services into their applications.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.