CNBC reports rumor of a Twitter (TWTR +7.2%) takeover by two individual private investors.
SunTrust Robinson Humphrey analyst Robert Peck, however, cast doubt on the activity noting the board is "100 percent behind CEO Jack Dorsey and his turnaround plans". He doesn't overlook the possibility of a buyout in the future but believes now is not the time.
Traded volume is presently at 42.5M vs. an average of 23.6M.
The increase in share price brings Twitter 3% below the level it was trading at prior to releasing last week's earnings. As of yesterday, the company was trading down 11% from that same point.
