According to a statement by Ireland’s Data Protection Commissioner (DPC) on Friday, Twitter Inc (TWTR) is being probed by the EU regulator in relation with a privacy breach notification it received from the San Francisco-based company.
Twitter shares closed higher for a second consecutive trading session in New York on Friday. It has also been the sharpest daily surge since January 7th. The stock went up 4.08% ($1.29) to $32.90, after touching an intraday high at $33.62, or a price level not seen since January 18th ($33.89).
Shares of Twitter Inc have risen 14.47% so far this year, following a 19.70% surge in 2018.
”The DPC has this week opened a new statutory inquiry into the latest data breach it received from Twitter on 8 January, 2019,” the regulatory authority said in a post on its website.
”This inquiry will examine a discreet issue relating to Twitter’s compliance with Article 33 of the GDPR.”
According to the new GDPR EU privacy rules introduced in May, if a corporate entity violates privacy laws, it can be fined by up to 4% of its global revenue or EUR 20 million, whichever is higher.
”We actively notify the Office of the Irish Data Protection Commissioner and the public of these issues as appropriate,” Twitter said in a statement on Friday, cited by Reuters.
”We are fully committed to working with the Data Protection Commissioner’s Office to improve the already strong data and privacy protections we offer to the people who use our services,” the social networking site also said.
According to CNN Money, the 33 analysts, offering 12-month forecasts regarding Twitter’s stock price, have a median target of $33.00, with a high estimate of $45.00 and a low estimate of $25.00. The median estimate represents a 0.30% upside compared to the closing price of $32.90 on January 25th.
The same media also reported that 21 out of 39 surveyed investment analysts had rated Twitter’s stock as “Hold”, while 12 – as “Buy”. On the other hand, 3 analysts had recommended selling the stock.
Weekly Pivot Levels
By using the traditional method of calculation, the weekly levels of importance for Twitter Inc (TWTR) are presented as follows:
Central Pivot Point – $32.41
R1 – $34.11
R2 – $35.31
R3 – $37.01
R4 – $38.70
S1 – $31.21
S2 – $29.51
S3 – $28.31
S4 – $27.10
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