Twitter shares are bouncing up and down following a successful IPO day.
The company's shares opened Friday at $45.98 and surged to more than $46 in early trading on Friday before falling to the $44 mark. Early on in pre-market trading, Twitter's shares were down, but quickly came back to even and then jumped to higher levels.
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Twitter went public on Thursday with its IPO price set at $26 a share. The company's shares opened just before 8 a.m. PT on Thursday at $45.10 and held strong throughout the day. Twitter hit a high of $50.09 on Thursday before closing the day at $44.90.
A first-day pop isn't uncommon in the land of big IPOs. The subsequent days, however, ultimately determine whether investor excitement around a particular company was based in hopes for quick profits or the belief that over time, a firm can deliver. For now, it appears investors are somewhat bullish on Twitter's prospects.
That wasn't the case with Facebook's botched IPO last year, which saw shares plummet following a less-than-stellar opening.
We will update this story throughout the day with Twitter stock updates.
Inside Scoop: Twitter's stock skyrockets