Twitter's stock falls toward longest losing streak in 7 months

Retail Opportunity Investments Corp

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ROIC Retail Opportunity Investments Corp

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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend

Company profile

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. It operates its business through, its operating partnership subsidiary, Retail Opportunity Investments Partnership, LP. The Company is organized in an umbrella partnership real estate investment trust (UpREIT) format pursuant to which Retail Opportunity Investments GP, LLC, serves as the general partner. The operating partnership holds all the assets of the Company and directly or indirectly holds the ownership interests in the Company’s real estate ventures. The Company’s portfolio consists of 90 properties totaling approximately 10.2 million square feet of gross leasable area (GLA).

Twitter's stock falls toward longest losing streak in 7 months

8:31 am ET May 17, 2022 (MarketWatch) Print

Shares of Twitter Inc. (TWTR) fell 1.8% in premarket trading Tuesday, putting them on track for an eighth-straight loss, amid increasing uncertainty over Elon Musk's commitment to the buyout deal. An eighth-straight loss would the longest such streak since the eight-day stretch ending Oct. 29, 2021. Twitter's stock has plunged 25.8% over the past seven sessions, the worst seven-day performance since it plummeted 29.7% over the seven days ended March 19, 2020. Twitter's stock decline on Tuesday follows Tesla Inc. (TSLA) Chief Executive Musk saying the deal can't move forward until more information is provided by Twitter on fake/spam accounts, while Twitter said it was committed to completing the deal. Tesla's stock rose 2.2% ahead of the open. Twitter's stock has dropped 13.5% year to date through Monday, while the S&P 500 has lost 15.9%.

-Tomi Kilgore

(END) Dow Jones Newswires

May 17, 2022 08:31 ET (12:31 GMT)