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Twitter stocks jump 2.5% post Christmas day

The company traded at another all-time high of $71.65 per share

ANI Washington

Twitter's shares reportedly jumped 2.5% following Christmas and traded at another all-time high of $71.65 per share.

The microblogging site made its public debut with $45.10 per share price on its first day of trading and briefly topped $50 that day but it went down to a low of 38.80 dollars in the following weeks as analysts deemed it to be 'too expensive'.

According to AllThingsD, trading under the New York Stock Exchange, Twitter stock has soared to gains of more than 200% of its initial price of $26 per share that was later increased.

Earlier this month, the company stocks hit a new high with shares priced $51 apiece after announcement of its plans for mobile advertising based on users' web browsing history.

 

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First Published: Dec 27 2013 | 12:19 PM IST

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