The stock prices of Twitter Inc (TWTR) fell by over 2% when the markets opened this morning. In the past 2 days, the stock price of it has fallen by over 6%. The stock price of Twitter was at $19.86 when the trading closed on Wednesday, and has however fallen by over 6% since then. Till noon on Friday, the stock price of twitter was down by just about 1% since the previous day’s close.
The San Francisco based company is an online social networking service that enables users to send and read short 140-character messages called “tweets”. It was created in March 2006 by Jack Dorsey, Evan Williams, Biz Stone, and Noah Glass and launched in July 2006. The service rapidly gained worldwide popularity, with more than 100 million users posting 340 million tweets a day in 2012.
Twitter has worked on focusing on its strengths is by reclassifying its app in the app store from the social networking category, where it was “well behind” Facebook and Instagram and other competitors, to the news category, where it became number one.
Our analysts do believe that Twitter has a lot of potential and do believe that it would come up. They have given a cautious “BUY” rating to the stock advising investors to carefully invest in this stock. It can prove to be a very smart buy since the decline on Twitter’s stock price is expected to come around.
Meanwhile, the stock prices of eBay Inc (EBAY) have also fallen. When the trading opened this morning, the stock price of eBay sharply fell by over 0.85% to $32.42. Previously closed at $32.70, the stock has showed a lot of potential over the past 20 days. It has gained by over 6.5% in these past 20 days and despite and fall today is still looking good.
The California based company is an American multinational corporation and e-commerce company, providing consumer-to-consumer and business-to-consumer sales services via the Internet. The website is free to use for buyers, but sellers are charged fees for listing items and again when those items are sold.
“We’re changing from an unstructured to highly structured marketplace,” said Devin Wenig (CEO of eBay), who added that the changes will marginally “hurt” eBay in 2016. “That’s not easy and it takes time.”
Our analysts believe that the stock price of eBay which has been on a rise for the past 20 days would not be affected much by the drop today. They have given a “HOLD” rating to this stock, hence advising the investors who already have the eBay stock to hold it as selling it after the dip today might not be advisable. They have also advised against buying the stock right now as it is on a high and the chances of it dropping are slightly more than negligible.