Twitter, Neurotrope, DISH Network News Today

Twitter, Neurotrope, and DISH Network stocks are in the news today

by Karee Venema

Published on May 1, 2017 at 10:10 AM

U.S. stocks are gaining this morning, after Congress struck a deal to avoid a government shutdown. Among specific stocks on the move are social media name Twitter Inc (NYSE:TWTR), biotech Neurotrope Inc (NASDAQ:NTRP), and programming provider DISH Network Corp (NASDAQ:DISH). Here's a quick look at what's moving shares of TWTR, NTRP, and DISH.

Twitter Stock Gains After Dorsey Buys More Shares

TWTR stock is up 4.7% at $17.26 this morning, thanks to news the company's CEO Jack Dorsey recently bought 574,000 shares worth roughly $9.5 million. Also, the Wall Street Journal yesterday reported that Twitter Inc is partnering with Bloomberg to bring a a 24/7 streaming news channel to the social media platform. TWTR stock is now trading at its highest point since early February, and could stand to benefit from bullish analyst attention. That is, just one of 26 covering analysts recommend buying the stock. 

Drug Trial Results Crush Neurotrope

NTRP is down 53.6% this morning to trade at $8.72, earning a spot on the short-sale restricted list, after the company's Alzheimer's treatment missed its primary endpoint in a mid-stage study. Neurotrope Inc is still well above its year-to-date breakeven point of $7.52, but there should be plenty of happy bears out there. For instance, short interest on NTRP stock jumped 37.4% in the last reporting period alone. 

DISH Stock Stumbles on Weak Subscribers Number

DISH stock is down 0.9% at $63.87, after the company reported lower-than-expected first-quarter revenue, and a sharp drop in subscribers. Despite the setback, the shares still boast a 12-month lead of 30%. Most analysts covering DISH Network Corp are bearish, though. By the numbers, 10 of 15 brokerage firms rate DISH stock a "hold" or worse. 

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