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Twitter Inc (NYSE:TWTR) Latest News Update – 10 June 2016

June 13th, 2016 | Read more articles from 2016 or Visit the News Archive
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Originally Appearing at: News is Money

During the most recent trading day, the stock’s price shifted up +2.11 percent from its 52-week-low while -63.88 percent lower from its 52-week high.

Shares of company were moving below of 50 days simple moving average with -9.65% while 200 days simple moving average with -33.78%.

Twitter Inc generated a return on investment of -7.30% in past 12 months and return on equity of -10.10% for similar period.

The Company’s Net profit margin was -18.40% while gross profit margin was 67.00%.

The share price of Twitter Inc (NYSE:TWTR) declined -60.88 percent for the year. YTD, the current share price of the stock is below -39.41 percent.

Twitter Inc News Update:  As Facebook’s (FB) Instagram is now being used more than Twitter for social media advertising campaigns, according to a survey by Comcast’s (CMCSA) STRATA.

Facebook dominated the survey with 96% of advertisers saying they would use it, followed by Alphabet’s (GOOGL) Google’s YouTube with 67%, Instagram with 63% and Twitter with 56%. This marks the first time that Instagram has received more agency attention than Twitter in the survey.

Some ad agencies’ clients are shifting their budgets to Instagram because it boasts 400 million users vs. Twitter’s 310 million users and because Facebook’s advertising technology lets them target very specific audiences, Reuters reports.

“The data presented in this survey couldn’t be farther from the truth,” a Twitter spokesperson told Reuters. “We have close relationships with our agency clients and continue to hear that Twitter offers the most powerful creative canvas.”

Shares of Twitter are down 15% since announcing in April that first-quarter earnings were below Wall Street’s estimates, partly because of weaker-than-predictable spending by big advertisers. The social network issued a disappointing revenue forecast for the current quarter as well.

Shares of Twitter Inc (NYSE:TWTR) dropped -4.01% to $14.02 on Friday. The share price is trading in a range of 14.00 – 14.45 (Price in Dollars). The stock exchanged hands with 22,093,385 shares contrast to its average daily volume of 21,210,000 shares.

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