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Twitter’s stock rockets after report that a buyout is close

Shares of Twitter Inc. rocketed 17% in active premarket trade Friday, after a report that the social network getting close to a buyout deal. The stock was changing hands at $21.73, which puts it on track to open at the highest level since Jan. 6. The stock reversed earlier losses of nearly 5% following a downgrade at RBC Capital, after CNBC reported that Twitter was moving closer to a sale of the company. With 7.3 million shares traded, the stock was the most active before the open. The stock had tumbled 19% year to date through Thursday, while the S&P 500 had gained 6.5%.

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Twitter’s stock rockets after report that a buyout is close Reviewed by on . Shares of Twitter Inc. rocketed 17% in active premarket trade Friday, after a report that the social network getting close to a buyout deal. The stock was chang Shares of Twitter Inc. rocketed 17% in active premarket trade Friday, after a report that the social network getting close to a buyout deal. The stock was chang Rating:
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