Social media rivals Twitter and Facebook enjoyed Christmas Eve rallies ahead of the holiday break, with both companies soaring to new, all-time highs Tuesday, and Twitter further extending those gains in after-hours trade.
Twitter posted a 7.6 percent gain to close at $64.54, almost $20 above its $44.90 IPO closing price.
In after hours trade Twitter rallied further still, briefly inching above the $70 level.
Facebook, which was celebrating its first day on the Standard & Poor’s 500 and 100 indexes, also rose strongly, gaining 4.8 percent to close at $57.77.
- Interest in #Twitter is Declining Worldwide (But #Instagram Has Never Been More Popular)
- Tweet Analytics Are Now Available on #Twitter for iPhone
- Twitter Stock Rallies on CEO Resignation Rumor
- Sony Threatens #Twitter With Legal Action Over Tweets Containing Stolen Emails