Twitter (TWTR) Stock Up in After-Hours Trade on Management Change
NEW YORK (TheStreet) -- Twitter (TWTR) - Get Report stock is up 0.12% to $17.16 in after-hours trading after the company announced that former Facebook (FB) CTO Bret Taylor would join its board of directors.
Taylor is currently CEO of Quip, a productivity company. He is also co-creator at Alphabet's (GOOGL) Google Maps.
"Bret brings to our board a great mind for consumer products and technologies that will be invaluable to the company as we execute our plans for 2016 and beyond," Twitter's executive chairman Omar Kordestani said in a statement.
Kordestani added that Taylor will be joining other recent board acquisitions who have brought knowledge in "finance, media, and entrepreneurship."
Taylor said that he hopes his expertise will help "push" the company and its programs and services further.
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Separately, TheStreet Ratings rated the stock as a "sell" with a ratings score of D.
This is driven by a number of negative factors, which TheStreet Ratings believes should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks TheStreet Ratings covers. Among the areas TheStreet Ratings feels are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: TWTR
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.