After a great run, Twitter is finally coming back to Earth.
The stock is down 6.6% today (and it's falling more each time we refresh the page).
There was no real catalyst for the stock's run, so investors may be profit-taking as they say. (Ugh, we know.)
This morning Ben Schachter at Macquarie downgraded the stock saying that it had gone on a crazy run while nothing fundamental changed about the business. So, he labeled it "underperform".
Maybe that was the wake up call for investors.
Who knows!
Its mysterious rise is ending with a slightly less mysterious (but still mysterious) fall.
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