Twitter's stock tumble is in line with its historical post-earnings performance
The 10.1% tumble in Twitter Inc.'s stock on Thursday after the social-media company reported fourth-quarter results should not be a big surprise for investors, as it is mostly in line with its historical performance. The stock is headed for a 13th one-day post-earnings decline over the past 20 quarters, with the previous 12 down days averaging a drop of 10.7%, according to data provided by FactSet. Meanwhile, the average of the seven post-earnings gains over the past 20 quarters was 13.0%. Twitter's stock was was the most actively traded on the major U.S. exchanges, with volume of 25.2 million shares already more than the full-day average of about 19.4 million shares. The stock was still up 14% over the past 12 months, while the S&P 500 has gained 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.