The gains pushed Twitter stock to $39.80 per share by market close, putting the stock at levels not seen since April 2015.
Another tech company, Netflix will fill the agricultural giant's place on the S&P 100. The changes will go into effect prior to market open on Thursday, June 7.
German pharmaceutical and life sciences company Bayer is wrapping up its $63 billion takeover of Monsanto. As part of the acquisition, Bayer will retire Monsanto's iconic name.
Shares of Twitter are up more than 65 percent year-to-date and just more than 118 percent year-over-year.
—CNBC's Sara Salinas contributed to this report.