Twitter Jumps 5% Amid Video Advertising Optimism

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Twitter Jumps 5% Amid Video Advertising Optimism

by Wochit 0:51 mins

Twitter Jumps 5% Amid Video Advertising Optimism

by Wochit 0:51 mins

Shares of Twitter, on a roller-coaster ride of late, rose 5% in trading after an analyst reported the company is in a strong position to capture video advertising dollars. Twitter's stock on Thursday surged $3.22, or 5%, to $66.87 following the report from Evercore Partners. The stock price jump follows a run-up and sell-off in the past week. Spending is estimated to hit $4.15 billion for 2013, according to eMarketer, up 43.5% from 2012.

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