NEW YORK (TheStreet) -- Shares of Twitter (TWTR) - Get Report were surging 5.39% to $19.37 in mid-afternoon trading on Wednesday after co-founder Ev Williams told BloombergTV that the San Francisco-based social network must consider all options amid takeover speculation.
"We're in a strong position now, and as a board member we have to consider the right options," Williams told Bloomberg's Emily Chang.
Twitter has been mentioned as a potential takeover target previously, with shares climbing 9% earlier this month following speculation that Microsoft (MSFT) might purchase it.
If Twitter is unable to turn around its business by mid-2017, it could be sold, Axiom Capital's Victor Anthony said, according to Bloomberg.
Shares are down about 16% so far this year as revenue growth has missed analysts' expectations.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
Twitter's weaknesses include a generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: TWTR
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 article's author.