AllFacebook InsideFacebook InsideMobileApps InsideSocialGames SocialTimes LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Twitter Stock Falls After Christmas ‘Santa Rally’

Twitter Stock Falls After Christmas 'Santa Rally'

After a pre-Christmas rally that saw the market flirt with the $75 share price, Twitter’s stock has fallen fairly sharply today, with shares edging back below the $60 level at one stage before rebounding somewhat in afternoon trade.

On Christmas Eve Twitter enjoyed a 7.6 percent gain to close at its all-time high, before rallying again on Friday to reach $74.73/share. This uptick, colloquially referred to as a “Santa rally” during a Christmas surge, was short-lived, with the market moving lower today, although values have steadied in the past couple of hours.

Twitter Stock Falls After Christmas 'Santa Rally'

Rival Facebook is also down since Friday.

Twitter is still significantly above its $44.90 IPO closing price, and, at current levels, the company is valued at almost $34 billion.

Mediabistro Course

Social Media 201

Social Media 201Starting October 13, Social Media 201 picks up where Social Media 101 left off, to provide you with hands-on instruction for gaining likes, followers, retweets, favorites, pins, and engagement. Social media experts will teach you how to make social media marketing work for your bottom line and achieving your business goals. Register now!