Shares of Twitter Inc. TWTR,
retreated 1.0% in premarket trading on Tuesday, putting them on track to hit a three-day earnings streak after the social media company announced the pricing of its $ 1.25 billion convertible debt offer. The company said the convertible bonds, which mature in March 2026, will not pay interest. The initial conversion rate for the notes to common stock is the equivalent of $ 130.03 per share, which is 67.5% higher than Monday’s record share price of $ 77.63. The notes can be converted at the discretion of the noteholders just before the close of trading on the day before December 15, 2025. The stock, which rose 7.9% in the last three days, is up 64.4% in the last three days . while the S&P 500 SPX,
has gained 6.4%.