Twitter (TWTR) Stock: Why The Price Increased 1.69%

Apr 12th, 2022 7:09 EST
  • The stock price of Twitter Inc (NYSE: TWTR) increased by 1.69% in the most recent trading session. This is why.

The stock price of Twitter Inc (NYSE: TWTR) increased by 1.69% in the most recent trading session. Investors appear to have responded positively to Tesla CEO Elon Musk’s decision to not join the Twitter board after all.

Recently, Musk acquired over 9% of Twitter shares. And there has been speculation that Musk may consider buying a larger stake in the future. If Musk joined the board, then his ownership stake would have been capped to about 14%.

In an SEC filing, it was also revealed that Musk could “engage in discussions with the Board and/or members of the Issuer’s management team concerning, including, without limitation, potential business combinations and strategic alternatives, the business, operations, capital structure, governance, management, strategy of the Issuer and other matters concerning the Issuer.”

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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