Q2 STOCKS TO BUY

Twitter Stock Marginally Lower After Suspension of QAnon Accounts

In response, analysts chimed in with price-target adjustments

Deputy Editor
Jan 12, 2021 at 10:53 AM
facebook X logo linkedin


The shares of Twitter Inc (NYSE:TWTR) are down 0.5% to trade at $47.95 at last check, following news that the social media company suspended more than 70,000 accounts that shared content related to QAnon. The news of the suspensions follows Twitter's ban of Trump's account, after the attack on the Capitol on Wednesday, January 6.

On the charts, TWTR has been continuing to move lower since its mid-December six-year high. In fact, a Jan. 11 bear gap sent the equity below its 40-day moving average for the first time since November. So far in 2021, the security has shed over 10%. 

In response to today's news, at least two bull notes have rolled in for Twitter stock. Specifically, UBS and Cowen and Company raised their price targets to $52 and $48, respectively. Conversely, Rosenblatt Securities chimed in with a price-target cut to $39 from $40. Coming into today, seven of the 23 brokerages in coverage called the security a "strong buy," while the remaining 16 recommended a "hold." 

Meanwhile, though short interest is down 15.2% during the last two reporting periods, the 21.77 million shares sold short still account for 2.8% of the stock's available float. In other words, it would take just over one day to buy back these bearish bets at TWTR's average pace of trading. 

Today's options pits are flashing a unusual penchant for puts, even though calls outpace on overall basis. Already, over 42,000 puts have exchanged hands -- triple what's typically seen at this point with put volume pacing in the 96th percentile of its annual range. Still, most popular by far is the January 49 call, followed by the 50 call from the same series.  

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter