T. Rowe’s Twitter Bullishness Wanes as Firm Dumps Stock
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At least one of Twitter Inc.’s biggest investors lost some confidence in the stock during the first-quarter swoon.
T. Rowe Price Group Inc. dumped a quarter of its Twitter stake in the period, ending March with 13.56 million shares, according to a May 15 regulatory filing. The mutual fund company sold 4.65 million shares in the quarter, more than twice as many as any other investor.