Twitter stock
The markets are closed Here are the major indices right now SP 500 245 Nasdaq 327 Dow 176 IWM 269 Enjoy the weekend folks. Twitter shares TWTR are off 26 or 131 to 4837 in early trading and now offer 12 upside to the deal price of 5420 a share.
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The annualized return is even higher at more than 20 to.
. However Musks 9 stake is being scrutinized but is not currently under official review YET. After March 24 Musk purchased around 513 million of stock at prices between 3820 and 4031 per share making him Twitters largest individual shareholder with a 92 percent stake in the company. As Twitters closing price was 4997 on April 5 the day Musk disclosed his stake he could have saved more than 143 million.
Elon Musks initial Twitter stock buy is under FTC scrutiny over possible failure to report the purchases to antitrust regulators according The Information. Musks 44 billion purchase of Twitter is not under review over antitrust concerns.
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