Shares of Twitter, Inc. (TWTR) hit a new all-time low on Monday morning, printing the tape below $15 for the first time ever. The stock plunged as low as $14.87 shortly after Nasdaq opened. That’s a 72.20% dip, or $38.62 per share, from the 52-week high of $53.49 set in April 8, 2015.
The stock closed at $15.72 at the end of Friday’s trading session, printing a one-year loss of about 62%, and year-to-date loss of around 32%. Twitter went public in Nov. 2013 and had a record close of $73.31/shr on Dec. 26, 2013. The stock remains under pressure from Wall Street, as the company struggles to grow user base. Its deteriorating value has prompted constant speculation that the micro-blogging platform could become an acquisition target.
TWTR is currently trading at unusually high volume with about 10 million shares changing hands. On an intraday basis the name has gotten as low as $14.87 and as high as $15.55, and trading down 3.94% at $15.10 as of 11:18 a.m. ET. The average volume of shares traded over the last three months is roughly 20 million.