NEW YORK — Twitter’s stock is retreating on its second trading day after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.
Such volatile trading is common for freshly public stocks as investors gauge supply and demand with limited insight into how well the companies will do on the long run.
Twitter’s stock is down 4.2 percent to $43 in late morning trading despite an uptick in the broader market.
The stock had surged on Thursday, its first day trading, closing 73 percent higher than the $26 IPO price that was set on Wednesday night.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.