Twitter’s stock surges after Mark Cuban says he’s been buying

Twitter Inc.’s stock ran up 4.9% in active midday trade Tuesday to a near 3-month high, after billionaire investor Mark Cuban said said on CNBC that he started buying the social media company’s stock after it got its act together on artificial intelligence. Volume jumped to 40.2 million shares, already more than double the full-day average. The stock has now soared 26% since the company reported better-than-expected first-quarter results, and 29% since closing at a 10-month low of $14.29 on April 7. The stock entered a new bull market on Monday. The stock has rallied 13% year to date, while the S&P 500 has gained 6.8%.

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From:: Stock Market News

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