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.

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