After hitting a personal best on Thursday, Twitter's (TWTR) stock slipped more than nine points or about 13% to just under $64 a share after being deemed overvalued by Macquarie Research analysts. Macquarie downgraded Twitter to underperform from neutral on Friday after the stock surged 79% this month and more than 13% this week. Twitter is up 63% from its IPO opening price last month.
Delta (DAL) shares dropped 3% after its site suffered a computer glitch issuing unreasonably cheap tickets. The airline said it would honor those tickets bought by customers for as low as $6.99, after news of the glitch spread like wildfire on social media. Delta has been one of the year's hottest stocks up 128%.
One of the biggest movers of the day was WPCS International Incorporated (WPCS) which ended the day up a whopping 66% after it announced its BTX Trader unit would be releasing a software platform to trade bitcoins. It's been a year of losses though for WPCS as it is still down nearly 50% year-to-date.
Tell Us What You Think!
Post something in the comments section below.
- Investment & Company Information