Tweeter Home Entertainment Group (, which filed for bankruptcy in 2007 and went out of business in 2008, still has shares trading under the symbol TWTRQ. )
Twitter plans to list its shares under the symbol TWTR so it's understandable there might be some confusion. Q is typically added to the end of bankrupt companies that still have shares trading.
TWTRQ closed Thursday at 1 cent, right within its normal trading range.
But Friday, the day after Twitter filed papers detailing its plans for a $1 billion initial public offering, shares of TWTRQ soared as high as 15 cents, a gain of about 1400%. Shares finished the day at 5 cents, up nearly 700% for the day.
The stock had a similar brief spike in price back on Sept 17, a few days after Twitter's initial filing that signaled its plans to go public.
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