For Twitter (TWTR), it continued its December surge on Thursday. It stock began the day up 17% for the week and after its rise today to $73.31 (4.9%), it represented the second straight day to trade about $70.?
The stock is now up more than 180% since its November IPO price of $26. Its market capitalization is 40.70 billion and according to Fact Set, if Twitter was in the S&P 500, it would?be at the top 20% for largest companies as defined by market value.
The December jump in its price has Twitter analysts scratching their heads as they are still kinda meh about the stock. On Tuesday, ?Blake Harper, a Wunderlich Securities analyst, wrote in a client note via the Wall Street Journal, “It appears valuation metrics are irrelevant. Investors are betting aggressively on Twitter being the next great media-technology platform.?
He added that between a “positive investor sentiment and a limited float of available shares its stock price could rise even more in the near term but the stock trades at objective measures that are hard to justify.??
On Thursday, 100,345 options contracts traded (56.2% calls and 43.8% puts), according to Trade Alert.
Also having a great month of December is Facebook (FB). On Tuesday it reached a new high as it closed at $57.96. At Thursday’s open, the stock had jumped 5.2% since it just joined the S&P 500 after Friday’s bell.
For the year, Facebook is up 117%. On Thursday, it closed at $57.73, down 0.23 (0.40%).
Facebook’s options represented the most active traded ones for the day as 454.063 contracts exchanged hands (62.6% calls, 37.4% puts).