BUZZ-Twitter Inc: Set for 3-mth high as Dorsey buys more stock
8:10 AM ET, 05/01/2017 - Reuters
** Twitter shares up 3.9 pct at $17.12 in premarket and on course to hit highest level since Feb. 2
** Microblogging site's CEO Jack Dorsey buys more than half a million TWTR shares for about $9.5 mln, filing on Friday showed
** That adds to the roughly $7 mln in stock Dorsey bought earlier this year, bringing the number of shares he has purchased this year to 1 mln
** Dorsey's disclosure comes days after TWTR reported better-than-expected user growth in Q1, following several quarters of stalled growth
** WSJ reported on Sunday that TWTR will partner with Bloomberg for a round-the-clock streaming TV news service on Twitter; announcement expected Monday, Journal says
** After a ~35 pct decline in 2015 and another ~30 pct last year, TWTR has inched up 1.1 pct so far in 2017, helped largely by gains following Q1 results
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