News Buzz:Twitter Inc (NYSE:TWTR), Alibaba Group Holding Ltd (NYSE:BABA)

On Thursday, Shares of Twitter Inc (NYSE:TWTR), subtract -3.97% and closed at $18.37 in the last trading session. The last trading range of the stock ranges between $18.03 and $19.30. The company’s Market capitalization is $13.67 Billion with the total Outstanding Shares of 714.90 million. Glancy Prongay & Murray LLP (“GPM”) declares that a class action lawsuit has been filed on behalf of shareholders who purchased Twitter, Inc. (“Twitter” or the “Company”) (NYSE: TWTR) securities between February 6, 2015 and July 28, 2015, inclusive (the “Class Period”). Twitter shareholders have until November 15, 2016 to file a lead plaintiff motion.

According to the Complaint filed in this lawsuit, throughout the Class Period defendants issued false and misleading statements, counting: (a) that by early 2015, daily active users (“DAUs”) had replaced the timeline views metric as the primary user engagement metric tracked internally by Twitter administration; (b) that the trend in user engagement growth was flat or declining; (c) that new product programs were not having a meaningful impact on Monthly Active Users (“MAUs”) or user engagement; (d) that Twitter’s stated “acceleration [in MAU growth]” was the result of low-quality MAU growth, and (e) that defendants lacked a basis for their formerly issued projections of about 20% MAU growth and 550 million MAUs in the immediate term.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $13.73 and reached to max level of $27.14. The EPS of company is strolling at -0.55.

Shares of Alibaba Group Holding Ltd (NYSE:BABA), dropped -2.41% and closed at $94.34 in the last trading session. The last trading range of the stock ranges between $92.22 and $98.50. The company’s Market capitalization is $225.96 Billion with the total Outstanding Shares of 2.47 billion. Alibaba Group Holding Limited (BABA) declared that more than USD 7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival.

“Chinese consumers purchased more in the first hour of 11.11 this year than the entire 24 hours in 2013, reflecting the incredible evolution of our global shopping festival. This unprecedented level of engagement demonstrates both the consumption power of Chinese consumers and their embrace of online shopping as a lifestyle,” said Daniel Zhang, chief executive officer of Alibaba Group.

In the hours leading up to the official midnight start of November 11, millions of viewers watched the Alibaba Group 11.11 Global Shopping Festival Countdown Gala live online and on mobile devices via Youku Tudou, and the Tmall and Taobao apps. The gala was televised live across China through Zhejiang Satellite TV, in addition to in Hong Kong and Macau for the first time.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $59.25 and reached to max level of $109.87. The EPS of company is strolling at 2.78.

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