Having gapped open in the last few days, TWTR is surging once again today helped by positive comments from billionaire Mark Cuban that the social media site is "getting smarter" and "hiring the right people."
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Cuban's comments that he "bought shares recently" sent the stock to 3-month highs...
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As a reminder, this is what drove Twitter higher...
- It reported a surge in “ad engagement.”
- They increased their monthly active users to 328 million, up 7 million beating expectations.
- And this resulted in a first ever 8% LOSS of advertising revenue.
The panic buying volume is very noteworthy.
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