Twitter (TWTR) Costolo Resignation Driven by Shareholder Consensus, Jefferies Notes

Twitter (TWTR) Continues to Flounder Following CEO News

Twitter (NYSE: TWTR) continues to see selling pressure as last week's CEO departure has only added to uncertainty. After trading up as much as 10% when the news first broke after-hours last Thursday, shares drifted lower all day Friday - eventually closing flat. Shares are... More

SunTrust's Peck Weighed in on Twitter (TWTR) Following Costolo Resignation

SunTrust Robinson Humphrey analyst Robert Peck weighed in on Twitter, Inc. (NYSE: TWTR) amid news CEO Dick Costolo is stepping down. The firm reiterated a Neutral and trimmed its price target to$40.00 (from $44.00).

Peck believes the board will look for internal and external candidates that have either run large media organizations or have deep product experience. Candidates that make senses including: Ross Levinsohn (former Yahoo! CEO), Adam Bain (Twitter President of Global Revenues & Partnerships), Mike... More

Twitter (TWTR) M&A 'Slightly More Possible' - Deutsche Bank

Deutsche Bank maintained a Buy rating on Twitter, Inc. (NYSE: TWTR) with a price target of $60. Yesterday CEO Dick Costolo said he was stepping down. In the view of analyst Ross Sandler, "change is a good thing." He also sees M&A as "slightly... More

Resignation of Twitter (TWTR) CEO Costolo Not Surprising Given Growth, Engagement Challenges - Cowen

Cowen and Company affirms Twitter (NYSE: TWTR) with a Market Perform rating and $38 price target following the resignation of Dick Costolo as CEO.

Analyst John Blackledge commented, Overall, we are not too surprised by the change in leadership, given user growth and... More

Twitter (TWTR) Costolo Resignation Not a Surprise, Sterne Agee CRT Says

Sterne Agee CRT analyst Arvind Bhatia reiterated a Neutral rating on Twitter, Inc. (NYSE: TWTR) following CEO Dick Costolo's resignation, which he said will not come as a surprise to investors.

Bhatia commented, "Costolo has been under enormous pressure for some time since... More

Brean Capital Maintains Buy on Twitter (TWTR) as CEO Replaced; Reaffirmed Guidance Should Calm Fears

Brean Capital analyst Sarah Hindlian reiterated a Buy rating and $55 price target on Twitter, Inc. (NYSE: TWTR) amid news that CEO Dick Costolo would be stepping down effective July 1, 2015 after 5 years at the helm. Co-Founder and Chairman of the Board Jack Dorsey... More

Twitter (TWTR) Says Focus is to Remain Independent

With its CEO transition conference call Thursday, Twitter (NYSE: TWTR) said its focus is to remain independent, but will carefully evaluate any offer. The company doesn't foresee changes in strategy or direction. The company's goal remains to maximize shareholder value as an independent... More

Market Wrap: Twitter CEO Costolo Resigns; U.S. Retail Sales Rose in May; Hess Inks Major Midstream Deal

Market wrap for June 11th

End of the Day: S&P 500 up 3.7 to 2,108.86; Dow Jones up 39.0 to 18,039.37; Nasdaq up 5.8 to 5,082.51

Market Brief: U.S. markets ended positive for the second-straight session Thursday amid reports the bailout extension talks with Greece stopped on failure of the country to make progress.

Twitter CEO Dick Costolo will step down following long-time speculation that he would be replaced.

Retail sales advanced in May with just about every category showing gains. Growth was 1.2 percent,... More

UPDATE: Twitter (TWTR) CEO Dick Costolo to step down

(Updated - June 11, 2015 4:09 PM EDT)

Twitter (NYSE: TWTR) CEO Dick Costolo to step down.

UPDATE - The company disclosed the following Thursday:

On June 11, 2015, Twitter, Inc. (Twitter) announced that Richard Costolo has decided to step down as Chief Executive Officer of Twitter, effective July 1, 2015. Twitters Board of Directors has named Jack Dorsey, Co-Founder and... More