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Twitter Surges in Opening Trade on NYSE
NEW YORK (AP/CNN) - Twitter's stock opens at $45.10 a share on its first day of trading, 73 percent above its initial offering price and boosting the value of the company to more than $24 billion.
The stock is trading on the New York Stock Exchange under the symbol "TWTR." It's the most highly anticipated initial public stock offering since Facebook debuted last year.
The high price comes in spite of the fact that the microblogging website has yet to turn a profit.
Twitter was the most actively traded stock in the U.S. Thursday. More than 70 million shares exchanged hands in the first hour of trading.