We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Twitter's Up For Third Week In A Row: What's Next For The Stock?

5 17 7

While much of the media is captivated about the upcoming trial between Twitter (NYSE: TWTR) and Elon Musk, investors may have noticed the stock didn't get much of a nudge - in either direction - following its second-quarter report this month.

So what's next for the little blue bird?

To answer that, let's take a look at the social-media industry landscape right now.

With fellow social media firms like Snapchat (NYSE: SNAP) and Meta Platforms (NASDAQ: META) trending lower, Twitter is a bright spot among its industry peers.

Twitter shares are up 3.47% for the past week and 5.41% in the past month. In contrast, here are the performance numbers for Snapchat:

Meanwhile, here are the returns for Meta:

While Snapchat and Meta fell on advertising weakness and disappointing guidance, Twitter rebounded quickly, even after missing analysts' views on the top and bottom lines.

So why the recent upside trade in Twitter?

There's not much to suggest anything is turning around for the company's core........

© Entrepreneur

Get it on Google Play