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Twitter stock jumps

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Joined: Thu Jan 15, 2015 12:10 am

Twitter stock jumps

Post by montell » Thu Jan 15, 2015 12:19 am

After reporting slowing growth and getting passed by Instagram in number of users, Twitter's stock price jumped Tuesday on speculation that CEO Dick Costolo might be leaving the company.

CNBC.com reported Monday that Robert Peck, an analyst at investment bank SunTrust Robinson Humphrey, predicted that Costolo will leave the social network in 2015.

"We think there's a good chance he's not there within a year," Peck said. He also said there are "a lot of interesting candidates" that could take over Twitter's helm.

Twitter did not respond to a request for comment.

The prediction caused the company's stock to jump 3.6% Monday, reaching $38.43 a share. On Tuesday, the stock rose to $39.25 and then dropped to $37.79 by mid-afternoon.

who know what happens next ?!!

montell :ugeek:

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