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I am not sure how comparing against a value from 5 days ago will help. Twitter stock shot up 27% after Elon Musk disclosed his ownership stake on April 4[1]. Al
by phoe18 4y ago
I am not sure how comparing against a value from 5 days ago will help. Twitter stock shot up 27% after Elon Musk disclosed his ownership stake on April 4[1]. Although the price has trended down since then, the stock is still trading roughly 14% higher than what it did on April 1 (The trading day before the announcement).
[1] https://www.cnbc.com/2022/04/04/twitter-shares-soar-more-than-25percent-after-elon-musk-takes-9percent-stake-in-social-media-company.html https://www.cnbc.com/2022/04/04/twitter-shares-soar-more-tha...
- nightski 4y agoRight but I was under the impression the takeover bid was being discussed which happened in the last 48 hours, not his owning the stock in general. If the bid fails my guess is the stock will continue to decline. That's not what I would call an effective pump. If he wanted to pump he would just sold right away.