Is Twitter (TWTR) a Runaway Train?
Demand for the company has reached stratospheric levels. Since its market debut in early November, the stock has surged 181.2% higher than its $26 IPO price and 62.1% over its opening trade of $45.10.TWTR data by YCharts
"While the Twitter move in December may not have initially begun as a squeeze, it has turned into one. All those folks screaming about valuation have missed a 70% move," wrote Real Money Pro contributor Timothy Collins in his column Thursday. "Even I think the valuation has run way ahead of price at this stage. While the potential for the company remains, buying on anything other than a technical play makes little sense here."