Having reached an all-time high of $74.73 last week, Twitter’s shares are rapidly plunging back down to Earth. slid 6.4% in early trade, building on Friday’s 13% plunge. The stock has now slumped 20.1% from Thursday’s intraday high of $74.73, putting it in bear-market territory.
After a wild run last week that saw them soar to an all-time high of $74.73, shares of Twitter are crashing brutally back to earth. The company’s stock tumbled more than six percent in early trading Monday, falling to $59.43. The reason? That’s not entirely clear, though perhaps investors are realizing that there’s no fundamental business change with which to rationalize last week’s run.