Twitter stock declined by more than 4% in early trading Monday, inching down toward $39 a share, which marks a new low trading price for the young public company.
Twitter opened at $45.10 a share on its first day of trading just more than two weeks ago and the stock shot up to as high as $50 that same day. Since then, however, the stock has mostly hovered between $40 to $45 a share.
See also: Twitter's IPO: Less Volatile Than Facebook's and Less Profitable
TWTR data by YCharts
Several analysts downgraded Twitter after the stock nearly doubled from its more modest IPO price of $26 a share. Analysts at Pivotal Research and Cantor Fitzgerald have both deemed the stock to be "too expensive" and set price targets in the low $30-range. Twitter has not yet posted a profit and doesn't project to report one until 2015 at the earliest.
Bloomberg recently surveyed investors and found that two-thirds think Twitter's stock price will decline over the next six months.
Even so, Twitter's early stock performance has been less turbulent than that of Facebook, which only traded above its IPO price for a single day in its first year as a public company.
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Image: Mashable, Christina Ascani
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