Why Twitter (TWTR) Stock Is Up Today

NEW YORK (TheStreet) -- Twitter  (TWTR) rose slightly on Wednesday after Pacific Crest noted the social media site continues to add new users.

The firm surveyed consumers and determined that more new users are joining the micro-blogging service; however, Pacific Crest also said engagement on the website is slow. The firm maintained its "outperform" rating on the stock.

Twitter was up 0.58% to $38.24 at 12:47 p.m.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TWTR Price Chart

TWTR Price data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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