Twitter Suffers Sell-Off As Lock-Up Expires
When a company goes public, early investors and company insiders are usually forbidden to sell their shares for a predetermined amount of time.
When this so called lock-up period, usually 90 to 180 days long, expires and trading restrictions are removed, stocks typically fall as early investors are keen to cash in on their investments.
The latest company to suffer such a sell-off is Twitter. On Tuesday, the company's lock-up period expired and despite prior claims of major shareholders not to sell, the company's stock price dropped like a rock during Tuesday's trading. At the end of the day, the stock had slipped almost 18% to close at an all-time low of $31.85.
You will find more statistics at Statista
No content is to be construed as investment advise and all content is provided for informational purposes only. The reader is solely responsible for determining whether any investment, security ...
more
Comments
No Thumbs up yet!
