Originally published on Thu November 7, 2013 3:43 pm
6 p.m. ET: Twitter Shares Close At $44.90
At the end of its first day of public trading, shares of Twitter were valued at $44.90, reflecting a market value of more than $31 billion. The company sold 70 million shares of stock, raising $1.82 billion in the process.
Earlier Thursday, the company's shares soared from their initial public offering price of $26.
2:35 p.m. ET:
As you can see if you click on the player below, Twitter's stock has been trading around $47 a share in recent minutes.
Originally published on Fri October 19, 2012 7:14 am
Chicken Little was running wild 25 years ago today. But one could hardly blame the poultry for panicking.
On Oct. 19, 1987, the stock market plunged a record-setting 23 percent. The next day, the New York Daily News' front page screamed "Panic!" and a New York Times headline asked: "Does 1987 equal 1929?"
Turns out, the 1987 plunge was a mere stutter step. The Dow Jones industrial average, which closed at 1,739 that day, quickly bounced back. Within a decade, the stock-price average had nearly quintupled.