Debates, Football Can't Save Twitter's Stock Price

Twitter Inc TWTR shares are once again getting hammered on Monday, down 13.3 percent on more reports that potential buyers have lost interest. On Saturday, Bloomberg reported that rumored Twitter buyers salesforce.com, inc. CRM, Alphabet Inc GOOG GOOGL and Walt Disney Co DIS are all unlikely to proceed with a Twitter buyout.

Twitter stock briefly dipped below $17 on Monday morning, its lowest level in more than two months.

Twitter shares have been incredibly volatile throughout 2016 amid a constant swirl of buyout rumors. After opening the year at around $23/share, Twitter plunged as low as $13.73 by late May. However, as buyout rumors began heating up in the summer months, so did Twitter’s stock. The buyout enthusiasm peaked earlier this month when Twitter’s stock climbed as high as $25.25.

Related Link: 3 Reasons The Market Is Undervaluing Salesforce

Unfortunately, reports of disinterested buyers have sent the stock plummeting 31.2 percent in the past four trading sessions.

Although shareholders are disappointed with the sell-off, the company may have a handful of fundamental reasons for optimism.

Twitter reported that the presidential debate made Sunday the most tweeted day of the entire 2016 election season.

In addition to Twitter's political success, the company’s Thursday night live NFL streaming has gotten mostly positive reviews.

Twitter shareholders that are bullish on the company’s long-term fundamental story should remember that the stock is remains up 2.5 percent in the past six months.

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