Selasa, 24 Desember 2013

Tech stocks: Twitter keeps climbing

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Twitter shareholders appear to be having a holly jolly Christmas.


Shares of the microblogging service are up 1.4% in pre-market trading Tuesday, after a 7% surge the day before setting a new all-time high.


Twitter is trading at $65.45, well ahead of the $26 price set when the company launched its initial public offering on the New York Stock Exchange in November.


Overall, it's been a great year for social stocks including Twitter, Facebook and LinkedIn. After a sluggish start to 2013, Facebook stock has experienced a strong second half, doubling in value compared to the same time last year.


It's been an even bigger year for LinkedIn. The professional social network started the year at $112.65 before surging to a high of $256.12 in September. LinkedIn is up 0.6% to $221.30 in morning trading.


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