Twitter's downtrend

21 january 2022 141
Maria_Yudina
Maria_Yudina

Listed among the best MarketCheese authors
3rd in the segment "US stocks"
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Since the end of October 2021, Twitter shares have lost nearly 40% in price. The sharp fall began with the news release about Q3 2021 losses. After the news about Jack Dorsey's resignation as CEO, the share price gained 11% during the day, but then it continued to fall anyway. In the short term, we expect a rebound from the resistance of the downtrend that most tech stocks showing now and a decline to the late 2018 and early 2019 levels at approximately $30.

Maria_Yudina
Maria_Yudina

Listed among the best MarketCheese authors
3rd in the segment "US stocks"
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