Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

Oct. 21, 2020, 8:30 a.m. EDT

Twitter's stock surges toward 5 1/2-year high in wake of social-media rival Snap's blowout results

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Twitter Inc. (TWTR)
  • X
    Snap Inc. (SNAP)
  • X
    Facebook Inc. Cl A (FB)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Twitter Inc. /zigman2/quotes/203180645/composite TWTR +0.65% shot up 5.5% in premarket trading, toward 5 1/2-year-high territory, in the wake of blowout results from social-media rival Snap Inc. /zigman2/quotes/205087158/composite SNAP -2.14% . Twitter's stock is on track to open above the highest closing price seen since April 2015. Snap's stock rocketed 20% toward a record high before the open, after the company reported late Tuesday a surprise adjusted profit and revenue and user growth that was well above expectations. Fellow social-media company Facebook Inc.'s stock /zigman2/quotes/205064656/composite FB +3.16% rallied 3.4% ahead of the open, while shares of photo-sharing site Pinterest Inc. /zigman2/quotes/211319641/composite PINS -2.68% powered up 8.3%. The gains in social-media stocks comes while Nasdaq 100 futures /zigman2/quotes/210219788/delayed NQ00 +0.19% fell 0.1% and futures /zigman2/quotes/209948968/delayed ES00 -0.14% for the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.62% eased less than 0.1%.

/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 45.23
+0.29 +0.65%
Volume: 9.05M
Nov. 24, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$35.74 billion
Rev. per Employee
$705,986
loading...
/zigman2/quotes/205087158/composite
US : U.S.: NYSE
$ 44.29
-0.97 -2.14%
Volume: 24.45M
Nov. 24, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$67.44 billion
Rev. per Employee
$409,309
loading...
/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 276.92
+8.49 +3.16%
Volume: 16.93M
Nov. 24, 2020 4:00p
P/E Ratio
31.53
Dividend Yield
N/A
Market Cap
$764.57 billion
Rev. per Employee
$1.57M
loading...
/zigman2/quotes/211319641/composite
US : U.S.: NYSE
$ 64.03
-1.76 -2.68%
Volume: 13.58M
Nov. 24, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$40.66 billion
Rev. per Employee
$515,454
loading...
/zigman2/quotes/210219788/delayed
US : U.S.: CME
$ 12,099.25
+23.25 +0.19%
Volume: 64,365
Nov. 25, 2020 5:20a
loading...
/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 3,627.75
-4.95 -0.14%
Volume: 153,847
Nov. 25, 2020 5:20a
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,635.41
+57.82 +1.62%
Volume: 3.19B
Nov. 24, 2020 5:11p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.