Twitter stock price after-hours trading – Business Insider
Jun. 12, 2015, 3:23 PM
12,421
Lucas Jackson/ReutersDick Costolo is out. Jack Dorsey is in.Twitter’s rally evaporated.On Friday, shares of the social-media company fell by as much as 0.2% after the stock rallied more than 10% on Thursday afternoon following news that CEO Dick Costolo would step down.
In the final hour of trading, it clawed back into the green, rising about 0.5%.
In a regulatory filing with the SEC on Thursday, the company said Costolo would step down on July 1 and Jack Dorsey, a cofounder, would become the interim CEO.
The stock is flat year-to-date and down 2% over the past 12 months.
Twitter’s stock tanked by more than 20% on April 28 when the company’s quarterly earnings leaked.
It has been a rough year for the company. First-quarter revenues came in at $436 million, missing analysts’ expectations for $456 million. Adjusted earnings per share of $0.07 beat the forecast for $0.04.
Here’s an earlier chart of the stock giving up its gains Friday.
Google Finance
SEE ALSO: Wall Street doesn’t think the big changes at Twitter will really change anything at all
NOW WATCH: What It Was Like On The Trading Floor During Twitter’s IPO
Please enable Javascript to watch this video
Continued here:
Twitter stock price after-hours trading – Business Insider
