TWTR pain today Im curious to know how much of this twitter bot purge will affect they ad spending...
Citron PT = $52 - last time Citron was bullish it hit the exact target before pulling back https://twitter.com/CitronResearch/status/1029013938787180544
Twitter (TWTR) Takes Out Resistance Dec 12, 2018 Social media giant Twitter (TWTR) has been on an absolute tear this week. Since Monday’s open, the stock has risen over 12% as of this writing. Half of this comes from today alone as the stock broke out above a key resistance level of $35/$36. This has been an important level for the stock throughout the past year. In March, TWTR failed to break above this resistance, but over the course of the next few months, the stock surged over 20% from there, only to give up all of those gains on a poorly received earnings report in July. From these new lows, the stock would come to once again retest the $35/$36 level twice before today’s breakout. If the past year’s price action is any indication, this breakout could provide a technical base for a solid run back into the $40s.
Twitter should become popular in the short term as many Tumblr users will be moving over to Twitter to post all the stuff that they can no longer post on Tumblr. Curious how Long that will last for though. Was fine on Tumblr until people started complaining
Twitter (NYSE: TWTR) has been going great last year. In the face of extreme negativity with social media shares, the company outperformed its main rival Facebook (NASDAQ: FB), jumping 20% when Facebook dropped 26%. But the period of superior performance lost strength. After last year's rally, Twitter shares have risen 8% in 2019 while Facebook has advanced and surged by more than 20%. This difference is a sign that Twitter's bull determination is weakening and investors may see more value in a much larger company rival. Despite the slower movement of Twitter, we think Twitter is in a better position to withstand the selling pressure that arises after every negative event. Last week, for example, when Facebook shares bore the biggest burden of selling pressure after a live broadcast of massacres in New Zealand, down 2.5% on Friday, Twitter shares barely moved, finishing this week up 0.6% at $ 31.22. Stocks fell 0.5% to $ 31.08 yesterday vs. Facebook lost an additional 3.3%.
My feeling is it's pulling back from a resistance right now. Would definitely buy at 27, but 30 has been a support all quarter, so I don't think it goes below that. Although sentiment has been lackluster, the EPS numbers don't jive with this making it all the way back to the bottom of the range.
Twitter’s first-quarter earnings report crushed expectations, sending the stock surging 7% in premarket trading. The pop is set to add around $1.8 billion to Twitter’s market cap, bringing it over $28 billion. Here’s what Twitter reported Tuesday: Earnings per share: adjusted 37 cents vs. 15 cents expected in a Refinitiv survey of analysts Revenue: $787 million vs. $776.1 million expected in the Refinitiv survey Monthly active users (MAUs), excluding SMS users: 330 million vs. 318 million expected in a FactSet consensus estimate
