The Traderszone Network

Published in TZ Latest News 6 May, 2014 by The TZ Newswire Staff

Twitter shares fall as stock lock-up expires

The shares hit a low of $34.84 on the New York Stock Exchange, the first time they have fallen below $37 since the shares started trading on Nov. 7. Twitter’s IPO was priced at $26 per share. The reaction to Twitter’s lock-up expiry was in sharp contrast to that of Facebook Inc in late 2012. Twitter’s lock-up involves about 470 million shares.