Twitter Inc TWTR Stock Prices Falls 4 Percent After Price Target Lowered
Twitter Inc TWTR Stock Chart 6.14.19
Twitter Inc TWTR stock price takes a hit after analyst lowers price target. If the story has legs the new levels takes the stock price below all key moving averages and into bear market territory. Today's follow through will be key to put on a new short sale.
If filled, working the order in pieces for a new swing trade. Expecting some support at $35 before a run to the 200 sma.
Twitter Shares Dive After Analyst's Bearish Call
Shares of Twitter (TWTR) fell sharply Thursday after a bearish analyst report raised questions about the social media giant's third-quarter outlook and whether it is spending enough on safety and security.
The price of Twitter's shares fell 4.3% to $35.87 after MoffettNathanson analyst Michael Nathanson doubled down on his bearish outlook on the stock and reiterated his sell rating.
thestreet.com/twitter-shares-dive
Twitter Stock Breaks Down After Analyst Comments
Twitter, Inc. (TWTR) shares fell about 4% during Thursday's session after MoffettNathanson analyst Michael Nathanson lowered his price target from $28.00 to $25.00 per share.
The analyst cited a combination of slowing revenue growth and rising cost growth as catalysts for a weak second quarter financial report in late July.
The lower price target comes about a month after the company's first quarter financial results, where it showed year-over-year monetizable daily user grow returning to the double digits for the first time since the second quarter of 2018.
