Twitter, Facebook Trade At Record Highs Ahead Of Christmas Holiday Break

Social media rivals Twitter and Facebook enjoyed Christmas Eve rallies ahead of the holiday break, with both companies soaring to new, all-time highs Tuesday, and Twitter further extending those gains in after-hours trade.

Twitter posted a 7.6 percent gain to close at $64.54, almost $20 above its $44.90 IPO closing price.

In after hours trade Twitter rallied further still, briefly inching above the $70 level.

Facebook, which was celebrating its first day on the Standard & Poor’s 500 and 100 indexes, also rose strongly, gaining 4.8 percent to close at $57.77.

Publish date: December 24, 2013 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT