During Wednesday’s Morning trade, Shares of Twitter, Inc. (NYSE:TWTR), lost -0.10% to $29.05.
The stock has shown its volatility for the week as 6.63%, while for the month it is 5.34%. The company has the market capitalization of $19.65B. The company holds the book value per share of 6.45, whereas cash per share is 5.26. Price to book ratio remained 4.51, while price to sale ratio is 11.05. Analysts mean recommendation for the stock is said to be 2.40 (where 1=Buy, 5=sale).
Twitter Inc said it designated former Google executive Omid Kordestani as its executive chairman, according to Reuters.
Twitter’s shares were up 1 percent to $29.36 in early trading after the company’s newly designated chief executive, Jack Dorsey, tweeted the appointment.
Twitter had said it would look elsewhere for a chairman, seeking to allay concerns about co-founder Dorsey’s dual role as head of the mobile payments company Square Inc.
Kordestani will no longer be associated with Google, a source familiar with the matter told Reuters.
After 10 years of executive positions at Google, he became a senior adviser at the company in August to assist it through leadership and structural changes as it rebranded itself as Alphabet Inc. Reuters Reports
Google did not right away respond to requests for comment.
Twitter, Inc. 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.
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