The stock for Twitter, Inc. (NYSE:TWTR), fell to the lowest value on Wednesday after rumors of takeover began doing rounds for the same. This fall in the stocks has reduced the market value of the stocks to $19.26B. Some of the potential buyers include Facebook, Google, Microsoft and Cisco. However this is not true, and investors who have been betting on the takeover are left with disappointment.
In the meanwhile, Twitter is currently trading at $28.75 which is about 0.67 points i.e. 2.27% lower than what it opened at this morning. The 52 week high and low for the company has been recorded at $55.99 and $28.59 respectively. Currently, the EPS for the company has been recorded at $-0.95.
Meanwhile analysts have been constantly updating the estimates for BlackBerry Limited (NASDAQ:BBRY), stocks. The short term price target has been estimated at $9.54 by 19 analysts. The standard mean deviation for the same has been estimated at $2.11. As per the forecast the high and low for the target price is estimated at $14 and $6 respectively.
The firm has been ranked at 2.86 by close to 22 brokerage firms. According to this ranking, the analysts have claimed a hold rating on the firm. Of course, 2 analysts have given it a sell rating while one has given it a strong sell rating.
There has been a drop in the market cap as the shares dropped by 2.39% or 0.185 points. Currently, Blackberry has been trading flat since the markets opened this morning. The markets opened at $7.61 and are currently positioned at $7.62 with a gain of 0.02 points or 0.13%, which means the firm is trading flat.
Tech sector is witnessing volatility, and there is fierce issues coming in from the different markets and sectors globally. The week ahead would see whether the stocks managed to pull the estimates consensus.
