Twitter’s stock soars toward 2 1/2-year high; no news released

Shares of Twitter Inc. soared 7.7% in active afternoon trade Tuesday, putting them on track to close at a 2 1/2-year high, to extend gains made after the company reported blowout results last week. Volume topped 46.6 million shares, compared with the full-day average of about 33.2 million shares, according to FactSet. The social media company did not release any news Tuesday, or issue any filings with the Securities and Exchange Commission. The company did not immediately respond to a request for comment. The stock has now rocketed 24% since Twitter reported before the Feb. 8 open fourth-quarter earnings and revenue that beat expectations. It was on track for the highest close since July 28, 2015. It has more than doubled over the past 12 months, while the S&P 500 has gained 14%.

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