According to a statement by Twitter Inc (TWTR) on Friday, some users are to be notified about a possible exposure to content provided by a suspected Russian propaganda service. The social media company is currently investigating whether Russia influenced the US elections in 2016.
Twitter shares closed lower for a fourth consecutive trading session on Friday. The stock went down 1.58% ($0.38) to $23.66, after touching an intraday low at $23.50, or a price level not seen since December 18th ($23.13).
In the week ended on January 21st the shares of the social media company lost 6.89% of their market value compared to a week ago, which marked the first drop out of three weeks. It has also been the worst performance since the week ended on December 3rd.
The stock has neutralized earlier advance and is now down 1.46% so far during the current month, following a 16.67% surge in December. The latter has been the third gain out of four months.
For the entire past year, Twitter shares rose 47.30% following a 29.56% slump in 2016.
Twitter Inc said that 677 775 persons in the United States would be notified. That number includes people who liked, re-tweeted or followed publications coming from Internet Research Agency (IRA)-related accounts during the election. The social media company also said that the content in question was no longer available to the public, as the suspected accounts had already been suspended.
“The Committee’s open hearing last November with Twitter, Facebook and Google revealed the extent to which the Russians exploited vulnerabilities inherent in the openness of our society and social media platforms, and it is vital these companies are transparent with users who were likely exposed to Kremlin propaganda and disinformation”, Adam Schiff, a member of the US House of Representatives intelligence committee, said in a statement on Friday, cited by Reuters.
In September last year, Twitter announced it had suspended almost 200 accounts associated with the Russian Federation. The move was followed by another round of blocked content coming from media such as Russia Today and Sputnik a month later.
According to CNN Money, the 30 analysts, offering 12-month forecasts regarding Twitter’s stock price, have a median target of $20.00, with a high estimate of $30.00 and a low estimate of $13.00. The median estimate is a 15.47% decrease compared to the closing price of $23.66 on January 19th.
The same media also reported that 21 out of 38 surveyed investment analysts had rated Twitter’s stock as “Hold”, while 8 – as “Sell”. On the other hand, 6 analysts had recommended buying the stock.
Daily and Weekly Pivot Levels
With the help of the Camarilla calculation method, todays levels of importance for the Twitter stock are presented as follows:
R1 – $23.73
R2 – $23.79
R3 (Range Resistance – Sell) – $23.86
R4 (Long Breakout) – $24.06
R5 (Breakout Target 1) – $24.29
R6 (Breakout Target 2) – $24.38
S1 – $23.59
S2 – $23.53
S3 (Range Support – Buy) – $23.46
S4 (Short Breakout) – $23.26
S5 (Breakout Target 1) – $23.03
S6 (Breakout Target 2) – $22.94
By using the traditional method of calculation, the weekly levels of importance for Twitter Inc (TWTR) are presented as follows:
Central Pivot Point – $24.29
R1 – $25.08
R2 – $26.50
R3 – $27.29
R4 – $28.08
S1 – $22.87
S2 – $22.08
S3 – $20.66
S4 – $19.24
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