On Tuesday, Shares of Twitter, Inc. (NYSE:TWTR), lost -1.59% to $35.88.
During Tuesday’s trade, 14,047,889 shares exchanged hands as compared to its average daily volume of 20,395,000. The company holds the market capitalization of $24.10B.
Shares of Twitter declined as use of the social media platform among investment professionals has stalled, according to Brunswick Group’s 2015 global investor media survey, The Wall Street Journal reports.
The survey, which shows the growing importance and use of digital and social media by financial professionals in making an investment decision, showed that there was no growth in use of Twitter among financial professionals in the past three years. For the third successive year, 28% of the investment professionals surveyed used Twitter, the Journal noted.
Additionally, 13% used the site to “launch the construction of an investment decision,” which is down from 14% last year.
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.
Shares of Avon Products Inc. (NYSE:AVP), declined -0.15% to $6.80, during its last trading session.
Avon Products, declared that on Friday, June 5, the company and one of its domestic auxiliaries reached a new $400 million five-year senior secured revolving credit facility. The new facility replaces the previous $1 billion unsecured revolving credit facility.
“This new revolver provides us with a five-year maturity and improved flexibility under our financial covenants. The new facility is an important part of Avon’s ongoing plan to proactively manage our balance sheet and liquidity needs,” said James S. Scully, Executive Vice President and Chief Financial Officer, Avon Products, Inc.
Avon Products, Inc. manufactures and markets beauty and related products worldwide. It offers beauty products, such as skincare, and personal care products, in addition to fragrances and color cosmetics; and fashion and home products comprising of jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products, and nutritional products.
Finally, TTM Technologies Inc. (NASDAQ:TTMI), ended its last trade with -0.19% loss, and closed at $10.54.
TTM Technologies, declared that the company has accomplished its acquisition of Viasystems Group, Inc. With pro forma 2014 combined annual revenue of $2.5 billion, TTM is now one of the world’s largest and most diversified PCB manufacturers with a broad product offering and the improved ability to support customers’ product lifecycles from engineering support to prototype development through final volume production.
The acquisition, which has an implied value of about $950 million, further diversifies and broadens TTM’s market presence and customer base, particularly with Viasystems’ strength in the growing automotive sector. At the same time, Viasystems brings to TTM complementary positions in the aerospace and defense, medical, industrial and instrumentation, and networking/telecom end markets. This raised end market diversification is predictable to reduce the impact of the seasonality inherent in the cellular phone end market.
TTM Technologies, Inc., together with its auxiliaries, provides various printed circuit board (PCB) products and backplane assemblies worldwide. The company offers high density interconnect, conventional, flexible, and rigid-flex PCBs, in addition to backplane assemblies and IC substrates.
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