Long Position on TWTR @ $46.00 on 4/20/2022 (Rumor)

Twitter, Inc. (TWTR) operates as a platform for public conversation in real-time. 

The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin.

Shares have formed a bullish "flag" after Elon Musk purchased about 10% of the company's shares. Following the purschase, the company offered him a seat on the Board. He refused the board seat. Instead he offered a price of $54.20 a share to take the company private which amounts to a value of about $43 billion.

Apollo Global Management (the parent company of Yahoo!) has offered to finance Elon Musk's bid. That might be a good way to somehow combine Yahoo! and Twitter. If the deal happens, we expect a price of $70-$75 per share (stock's 52-week high). Musk indicated that $54.20 a share was his best and final takeover offer, saying that if the board didn’t accept it, Musk was likely to sell his stock. However, those comments were made prior to Apollo's comments.

Entry Point: $46.00

Stop Loss: $43.50

Trading Range: $31.30 - $73.34

Target Price: $52.00

Updates

4/25/2022 12:47:37 PM

TWTR closed at $52.10

Position closed on 4/25/2022 at price of $52.10 with a 13.26% gain in 5 days.

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