Not even two months old yet and shares of Twitter are on a roll. More
than doubling from the $26 IPO pricing in early November, and soaring
50% just since Thanksgiving.
At present, the newly public micro
blogging site is now worth $30 billion, which not only puts it on par
with more established firms such as General Mills or Travelers, but is
also scaring analysts, two of which downgraded the stock on Monday.
While
some are taking money off the table Joe Fahmy, managing director at Zor
Capital, is preparing for the next big move, and sees the stock at
$100, maybe by this time next year. (more)
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