Weakness Seen in Twitter (TWTR): Stock Plunges 24.2% - Tale of the Tape
Twitter, Inc. ( TWTR ) saw a big move last session, as the company's shares fell over 24% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $57.05-$66.32 in the past one-month time frame, showed a sharp decline yesterday at $50.03.
This company in the Internet Software industry has seen a flat track record when it comes to current year estimate with no revision on either side over the past few weeks. Further, the current year consensus for earnings has moved lower over the past one month. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
TWTR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Constant Contact, Inc. ( CTCT ), E2open, Inc. ( EOPN ) and GlassesOff Inc. ( GLSO ). All these stocks carry a Zacks Rank #2 (Buy).
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