Welcome back to Stockhouse
Member Sign In

Email or Username:

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Get our best content in your email.

You are already a member! Please enter your password to sign in.

‘Tweeter’ (TWTRQ) stock jumps 832%, trade halted over Twitter IPO confusion

Canadian Press, The Canadian Press
0 Comments| October 4, 2013

NEW YORK - A bankrupt electronics retailer appears to have gotten caught up in the investor fervour for Twitter.
Shares of Tweeter Home Entertainment Group Inc. (OTO:TWTRQ, Stock Forum) rose as high as 15 cents Friday. That's up 832 per cent from Thursday's closing price of $0.018.
The Financial Industry Regulatory Authority, Wall Street's industry regulator, says the shares were halted Friday afternoon because of a misunderstanding related to the “possible initial public offering of an unrelated security.”
What could have gotten investors so confused? Tweeter trades over the counter, under the “TWTRQ” symbol.
Twitter on Thursday offered investors details about its highly anticipated IPO and proposed the stock symbol “TWTR.”
But Twitter's stock won't be available for trading until the company actually goes public. That could be before Thanksgiving.
Before trading was halted, (no doubt surprised) shareholders sold their holdings and shares dropped back to $0.051.

-With file by Chris Parry,


Danny Deadlock knows how to play small-ball, scouring the markets for junior companies that are cash-rich, debt-free, with a high upside but, somehow, have yet to be spotted by the mainstream.
Are you getting his weekly stocks to watch, or are you still following the pack?
Let’s talk about value stocks…

Rate this article
0 stars




No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.

Related News