Author Archives: Scalper1

Twitter Jumps On Buyout Rumors, But Tech Stocks Slump

As other tech stocks tumbled, Twitter (TWTR) stock rose in both regular trading and after hours Wednesday, as rumors swirled about unconfirmed reports that media conglomerate News Corporation (NWS) is interested in taking an ownership stake in the social media site or buying the portal outright. Twitter stock closed at 17.38, up 4.1%, after it had touched a record low for a second straight day, and was up a fraction in after-hours trading. Twitter

Square Falls Below IPO Price For First Time

In a rough day for the stock market, Square (SQ) spent some time below its initial public offering price for the first time on Wednesday, two months after coming public. Square priced its IPO on Nov. 18 at 9, below its estimated range of 11 to 13. The stock popped 45% on its first day of trading Nov. 19, raising $243 million. But in morning action in the stock market today, Square stock hit a low of 8.26 before rebounding to end the day at 9.49,

Netflix Flat, IBM Falls As More Tech Earnings Loom

Wednesday’s tough trading environment rocked Netflix (NFLX) and IBM (IBM) stocks a day after the companies’ fourth-quarter reports beat earnings estimates. Over the next seven days, other big-cap techs Verizon (VZ), SAP (SAP) and Apple (AAPL) are also set to give quarterly reports. The S&P 500 and Nasdaq pared steep, early losses Wednesday, following a rough trading day on Asian and European stock markets. Crude oil fell below $27 a barrel,