Selasa, 31 Desember 2013

Tech stocks: Twitter's wild stock ride continues

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It won't be a quiet finish to 2013 for Twitter on Wall Street.


Shares of the social network are up 5.4% to $63.79 in Tuesday trading, a day after the company closed Monday's market with a 5% slide.


It's been a volatile month for Twitter, which has seen its stock quickly surge in value before back-to-back days of declines. Overall, Twitter's stock price is up 56% for the month.


The recent downturn is attributed to a downgrade from financial services firm Macquarie. The firm questions what is fueling the social network's bump in stock value.


Twitter will finish 2013 with a stock price more than double its value from the launch of its initial public offering in November, when it made its debut on the New York Stock Exchange at $26.


Follow Brett Molina on Twitter: @bam923. USA NOW Tips to make your New Year's resolutions stick | USA NOW

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