Twitter Inc (NYSE:TWTR) rose above the crucial $20 per share level this morning before retreating, as the stock remains highly volatile. Although other social media companies such as Instagram and Snapchat have surpassed Twitter Inc (NYSE:TWTR) in terms of growth, Twitter is still the go-to app for many celebrities and politicians. The company has loads of potential as a result and just needs to find the right monetization strategy to send shares higher again. Hedge funds are not overly optimistic, with the number of elite funds holding Twitter shares falling by 20 quarter-over-quarter to 27 as of the latest 13F reporting period.
It’s been a good Tuesday for Intrawest Resorts Holdings Inc (NYSE:SNOW) shareholders, as shares of the company have popped 22% on the news that it is commencing a modified Dutch auction self-tender offer to purchase up to $50 million of its common stock with cash. Under terms of its offer, which will expire on February 10 (unless extended or canceled), Intrawest Resorts Holdings Inc (NYSE:SNOW) will purchase its stock for a price not greater than $10 but no less than $9, subtracting applicable withholding taxes and without interest.