Twitter Shares Rise After Jana Partners Discloses New Stake In The Company

By Caitlin HustonMarketsMarketWatch Pulse

Shares of Twitter Inc. were up 2% in premarket trade Monday after hedge fund Jana Partners disclosed a new 2.9 million share stake in the social media platform. Additionally, President-elect Donald Trumphad praised Twitter as "a great form of communication," as well as other social media platforms, in a 60 Minutes interview Sunday. Shares of Twitter have gained 10% in the past month, compared to the S&P 500's gain of 1.5%.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below