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Benzinga
Benzinga
Business
Melanie Schaffer

Twitter Soars Following Elon Musk Stake: Can The Stock Regain This Key Level?

Twitter Inc. Elon Musk NYSE SEC Josh Brown

Twitter, Inc (NYSE:TWTR) gapped up 20% to start the trading session on Monday and rallied an additional 7% intraday, after a 13G SEC filing revealed Tesla, Inc (NASDAQ:TSLA) CEO, Elon Musk, had acquired a 9.2% stake in the microblogging giant.

Musk purchased 73,486,938 shares of Twitter, worth $2.89 billion as of Friday’s closing price.

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