The 25-day quiet period the SEC requires after an IPO just ended for Twitter (TWTR) — the hot social media startup that had all eyes on Wall Street last month.
As a result, TWTR stock underwriters from Deutsche Bank to Goldman Sachs have been issuing their ratings. But that hasn’t really been good news for Twitter stock investors.
So far today, TWTR stock is down nearly 2% in early trading today. Of course, the current Twitter stock price of almost $41 is still almost 60% higher than the Twitter IPO price.
Maybe that run-up is part of the reason that, out of the five underwriters for the Twitter IPO, only two rated shares of TWTR stock a “buy.” Meanwhile, one was quick to slap Twitter stock with a “sell” rating.
Here’s a breakdown of what Twitter IPO underwriters think about TWTR stock right now: