Twitter stock has rebounded by more than 40 percent in the past 3 weeks
The company's stock returned to the $20 level on Friday for the first time since mid-January, and the shares have increased roughly 40% since bottoming out at $14.31 at the close of market on February 11.
That's not to say that the company's business prospects have brightened significantly in the past few weeks. Twitter remains under pressure as its user growth stalls (and by some measures even shrinks) and as the company suffers from major executive turnover.
But the battering the stock has taken in recent months was an over-reaction, argues Pivotal Research analyst Brian Wieser.
"It was ludicrously cheap," Wieser tells Business Insider.
And of course, the broader market has rebounded since February 11 as well, with the Nasdaq up roughly 11% since then and the Dow Jones Industrial Average up roughly 9%.
Here's a look at Twitter's (blue) versus the Dow (green) and the Nasdaq (red) during the past month:
