Twitter shares zigzag in first full day of trading

The company's shares were up slightly in early trading on Friday before dropping slightly.

Twitter IPO

Twitter shares are bouncing up and down following a successful IPO day.

The company's shares opened Friday at $45.98 and surged to more than $46 in early trading on Friday before falling to the $44 mark. Early on in pre-market trading, Twitter's shares were down, but quickly came back to even and then jumped to higher levels.

Twitter went public on Thursday with its IPO price set at $26 a share. The company's shares opened just before 8 a.m. PT on Thursday at $45.10 and held strong throughout the day. Twitter hit a high of $50.09 on Thursday before closing the day at $44.90 .

A first-day pop isn't uncommon in the land of big IPOs. The subsequent days, however, ultimately determine whether investor excitement around a particular company was based in hopes for quick profits or the belief that over time, a firm can deliver. For now, it appears investors are somewhat bullish on Twitter's prospects.

That wasn't the case with Facebook's botched IPO last year , which saw shares plummet following a less-than-stellar opening.

We will update this story throughout the day with Twitter stock updates.

About the author

Don Reisinger is a technology columnist who has covered everything from HDTVs to computers to Flowbee Haircut Systems. Besides his work with CNET, Don's work has been featured in a variety of other publications including PC World and a host of Ziff-Davis publications.

 

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