How to trade Twitter (TWTR)
Everyone wants to own a piece of a hot stock. When companies have an initial public offering (IPO) and become publically traded, there is usually a lot of buzz. Twitter (TWTR) was certainly no exception.
Twitter went public on Wednesday, November 6, 2013. The stock was initially priced at $26 per share which correlated to $18 billion valuation of the company. But it actually opened at $45.10, which places the valuation at $31 billion – roughly $220 million for each of its 140 characters. Or, with 232 monthly users, that’s roughly $1,350 per user.