Twitter Goes Over the Moon on Its IPO and 2 Other Hot Stocks to Watch
Twitter Inc. (NYSE:TWTR): Current price $46.08
On a day that will go down in Internet initial public offering history, Twitter shares are up around 80 percent in what is probably high volume, although we do not yet have a frame of reference on that. The microblogging site commenced trading on the New York Stock Exchange on Tuesday in the second largest Internet IPO ever. Twitter set an IPO price at $26 for its 70 million shares, $1 above its upwardly revised range of between $23 and $25, but the stock opened at $45.10. Stay tuned.
General Electric Co. (NYSE:GE): Current price $26.89
GE’s Critical Power unit on Thursday debuted its new QBVE060A0S10R4 625-watt and QBVS050A0B 600-W quarter-brick bus converters. These modules form part of its Barracuda product series of fully regulated DC/DC power devices. Each of GE’s new bus converters enhance power density by more than 50 percent versus industry-standard 400-W bus converters. Moreover, the new bus converters deliver highly efficient power to the load, with efficiencies surpassing 96 percent.
Qualcomm Corp. (NASDAQ:QCOM): Current price $66.50
Qualcomm CEO Paul E. Jacobs said to Bloomberg that his company thought about acquiring a portion of BlackBerry. Jacobs revealed that some of the assets of the embattled firm were indeed being examined before BlackBerry pulled the plug on its own. The smartphone manufacturer now intends to raise $1 billion in convertible debt and will announce a new turnaround scheme under interim CEO John Chen.
Don’t Miss: Twitter’s IPO and the Case for Waiting.