Why Twitter Stock Lost 18% in November
Shares of Twitter (NYSE: TWTR) pulled back last month as the social media company got swept up in a broader sell-off of growth stocks and traders reacted poorly to news that Jack Dorsey was stepping down as its CEO. According to data from S&P Global Market Intelligence, Twitter stock finished November down 18%.
The stock, already sliding previously, fell sharply at the end of the month after the CEO change was announced.
Source Fool.com