Twitter (TWTR) Active on Renewed Dick Costolo Chatter

(Updated - December 22, 2014 12:58 PM EST)

Twitter (NYSE: TWTR) is moving higher on light market chatter that CEO Dick Costolo might be out soon. Shares are up 2.2 percent.

In a note to clients this morning, SunTrust Robinson Humphrey analyst Robert Peck discussed the CEO speculation, which has been a part of the conversation on Wall Street lately.

Peck said, "“If Dick Costolo stepped down or retired, who would replace him?” We think that should this happen, a savvy media vet like Neal Mohan of Google, or Ross Levinsohn (former CEO of Yahoo!), or Omid Kordestani (Google) would make a great complement to CFO Anthony Noto."

Peck discussed the topic on CNBC mid-day, saying Costolo could be out by next year.

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