Twitter Stock Falls 4%, Hitting New Low

Twitter stock declined by more than 4% in early trading Monday, inching down toward $39 a share, which marks a new low trading price for the young public company

Twitter opened at $45.10 a share on its first day of trading just more than two weeks ago and the stock shot up to as high as $50 that same day. Since then, however, the stock has mostly hovered between $40 to $45 a share

TWTR data by YCharts

Several analysts downgraded Twitter after the stock nearly doubled from its more modest IPO price of $26 a share. Analysts at Pivotal Research and Cantor Fitzgerald have both deemed the stock to be "too expensive" and set price targets in the low $30-range. Twitter has not yet posted a profit and doesn't project to report one until 2015 at the earliest Read more...