By | June 6, 2018

Twitter, Inc. (NYSE: TWTR) augmented 5.07% to close at $ 39.8 in the last trading session and its total traded volume was 66122176 shares versus average volume of 27.50M. The stock has positive monthly performance of 28.22% while its yearly performance remained 118.32%.The stock demonstrated a positive move of 16.92% in Previous 5 day’s graph. Its quarterly performance remained in the green with the percentage of 15.60%, while its year to date performance showed that the stock jumped overall 65.76% The 52 week range of the stock was $15.67 – 37.98.

Twitter, Inc. (NYSE: TWTR) reported its intention to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of convertible senior notes due in 2024 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). Twitter also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $150.0 million aggregate principal amount of the notes, to cover over-allotments, if any.

The notes will be unsecured, senior obligations of Twitter, and interest will be payable semi-annually in arrears. The notes will be convertible into cash, shares of Twitter’s common stock, or a combination thereof, at Twitter’s election. The interest rate, initial conversion rate and other terms of the notes are to be determined upon pricing of the offering.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.

The stock beta value is 0.89. TWTR is 58.35% upward its 200-day moving average. On a similar note, the stock is 27.34% above its 50-day moving average. The average volatility for the week and month was at 3.29% 2.86% respectively. The company holds 712.62M shares outstanding and 670.63M shares are floated in market.

Category: Hot Stocks Technology Tags: ,
Irwin Rhodes

About Irwin Rhodes

Irwin Rhodes as a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. Irwin has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Irwin has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Technology category. Email Contact: Irwin@newsregistrar.com

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