Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street’s lofty hopes.
Tesla Motors’ high-flying stock tumbled 12 percent in after-hours trading Tuesday after the electric car maker’s third-quarter results fell short of expectations.
Twitter’s IPO could now raise more than $2 billion.
Shortly after the markets opened Friday, Google Inc. shares jumped 14 percent to $1,015.46 and closed a day heavy trading at $1,011.41. The gains marked Google’s biggest one-day jump in more than five years.
Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year’s most eagerly awaited stock market debuts.
Billionaire investor Carl Icahn’s announcement that he had acquired a large but unspecified stake in Apple and that he had a “nice conversation” with CEO Tim Cook caused Apple’s market value to rise Tuesday by about $13 billion.
Facebook’s chief operating officer, Sheryl Sandberg, has sold $91 million worth of shares in the social networking company.
Excluding one-time items and lease accounting, Tesla Motors Inc. said it had a profit of 20 cents per share. The one-time items included a $16 million charge associated with the payoff of a $465 million loan from the U.S. Department of Energy. Tesla paid off the loan in May, nine years earlier than it was due.
Shares of Apple Inc. are setting a one-year low after news from a supplier hinted at a slowdown in iPhone and iPad production.
Shares of Apple hit their lowest level in more than a year on Monday, continuing a decline hastened by the company’s last quarterly earnings report.