Twitter Jumps After Morgan Stanley Discloses Stake
Photographer: David Paul Morris/Bloomberg
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Shares of Twitter Inc. surged on Wednesday, after Morgan Stanley disclosed a large stake in the social-media company, according to a 13G filing.
The stock jumped as much as 4.8 percent in its biggest one-day percentage gain in more than a month. It is on track for its third straight daily gain. Shares of peer Snap Inc. climbed 4 percent.