Scott Olson/Getty Images News The share price of Twitter, Inc. (NYSE:TWTR) is little changed year-to-date, a far cry from its internet peers, who have mostly seen their stocks plummeting amid the Great Reset. Twitter shareholders have Elon Musk to thank as the enigmatic Technoking of Tesla, Inc. (TSLA) disclosed his approximately 9% stake in the social media platform in early April. The revelation triggered a powerful wave of copycat investors and momentum traders plowing into TWTR stock, sending it soaring. The share price of TWTR jumped 27% on the first trading day after the news of Musk’s filing. After some sliding on profit-taking, TWTR stock spiked upwards again a week later on Musk offering to buy Twitter for $54.20 per share in cash. TWTR stock hit a YTD closing high of $51.70 on April 25, a nice bump from the YTD closing trough of $32.42, after Twitter’s board unanimously approved Musk’s offer of $44 billion for Twitter. YCharts While the $54.20 offering price is likely inspired by “420” – well known in cannabis culture as the supposed best time to get high – it was very close to the average at $53.91 Twitter had traded over the past year until…
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Is Now A Good Time To Buy Twitter Stock? Yes, Even If Elon Musk's Acquisition Fails | Seeking Alpha
