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  • Twitter stock fell nearly 4% on Thursday as the Elon Musk saga continues.
  • TWTR stock now trading nearly 10% below the offer price of $54.20.
  • Twitter still has surged from lows of $41 last week.

Read next: Terra's Worker Arrested! White House Comment On The OPEC Decision And Success of Deutsche Bank | FXMAG.COM

The will-he-won't-he saga appears to be nearing a conclusion, but it is not over the finish line yet. Market participants and investors look to be doubting the deal if the latest share price movements are anything to go by. Twitter is trading at under $50 now at $49.30 this morning in Friday's premarket. That is a near 10% discount to the offer price of $54.20. Given the deal is due to close shortly, that is a larger-than-usual deal approaching the finish line. Usually, merger arbitrage players would be all over such a discount so near to closure, but this deal has been clouded in uncertainty from the start. Extra caution is obviously being taken in valuing the probabil

Tesla Will Struggle To Recover In The Coming Years

Tesla Stock News and Forecast: Elon Musk turns down seat on Twitter board and enters Bitcoin mining

FXStreet News FXStreet News 11.04.2022 16:52
TSLA stock plummets as Shanghai lockdown hits stock. CEO Elon Musk refuses a seat on Twitter board, signs deal with Block on BTC mining project. Tesla is due to report first-quarter earnings on April 20. Tesla (TSLA) stock is under pressure this morning with multiple newsflows in evidence. Tesla lost ground on Friday as it closed 3% lower and so far is replicating that loss in Monday's premarket. Fears over lockdown in China are hurting TSLA stock as are supply chain issues and input costs. Tesla (TSLA) stock news: Newsflows all over the place Tesla CEO Elon Musk is rarely out of the news and certainly made headlines last week when his 9.2% stake in Twitter (TWTR) stock was unveiled. However, this has now taken a fresh twist with Twitter CEO Parag Agrawal saying that Musk has turned down the offer to be a member of the board of TWTR. This brings up some interesting questions none of which we can answer. Probably most importantly does this mean Elon Musk wants a bigger stake in Twitter? Being on the board would have restricted Musk to a maximum stake but now he could go hostile if he is determined to take over the company. That seems unlikely. Perhaps as a board member, he may not have been as free to tweet as he would like. Whatever the reasons, it keeps investors in Tesla and Twitter guessing. Tesla shareholders will be more concerned with what is happening in China. Shanghai is in a state of lockdown and Tesla's giga-factory was forced to suspend production. NIO and other EV makers have also been affected, but Tesla is due to release earnings for the first quarter in two weeks and the latest data is not promising. Tesla assembled 55,462 units in China during March, compared to 68,117 in January. This is likely due to the aforementioned lockdowns. China is the world's largest EV market and recent signs are not good on a macro level. This morning we had a very high CPI number from China, meaning recent monetary policy loosening will now be more difficult to pursue. Also out this morning was data showing a drop in vehicle sales of 11.7% in March. The combination of a slowing Chinese market and limited Chinese production is not ideal. Separately, Tesla has reportedly entered into an agreement with Jack Dorsey's Block (SQ) on a Bitcoin mining project. Block and Blockstream are trying to show that Bitcoin can be mined using renewable energy. Finally, Reuters has reported that Tesla is to build a solar-powered facility in Texas. Tesla (TSLA) stock forecast The recent TSLA stock rally was exceptionally strong and caught many investors by surprise. This was market-wide though and not all down to Tesla. The failure to make a new high signaled we remain in a long-to-medium-term downtrend, though. We still have a series of lower highs and lower lows. The next target for TSLA stock should be to make a lower low, which means breaking $700. Resistance at $1,208 is the last major high, if that is broken then the downtrend is over and record highs beckon. The first target and support are $945. The recent move higher saw a sell signal from both the MFI (money flow index) and RSI (relative strength index). Tesla (TSLA) stock chart, daily
The Forex Market Is Under Strong Pressure From Geopolitical Events And Statistics

Elon Musk-Twitter Offer - NYSE: Twitter (TWTR) Stock News and Forecast: TWTR stock rallies as board meets at 10am EST to consider Elon Musk-Twitter offer

FXStreet News FXStreet News 14.04.2022 17:03
TWTR stock rallies sharply to over $50 as Elon Musk offers $54.20 cash. TWTR stock had closed Wednesday at $45.85. TWTR stock is down over 30% in the past 12 months. The Twitter board is set to meet at 10am EST to consider Elon Musk's offer to buy the company for $54.20 in all cash. TWTR shares have given up some ground from where they were trading in the premarket and currently sit at $46.65. Twitter (TWTR) stock is back at the top of the chart in Thursday's premarket as it spikes on the back of Elon Musk offering to buy the company. Twitter (TWTR) stock news Elon Musk has offered to buy Twitter (TWTR) for $54.20 all cash. Elon Musk recently made headlines when taking a large stake in the company and now this appears to be his possible end game. Reuters reports that Elon Musk delivered a letter to Twitter on April 13 detailing his proposal. "My Offer Is My Best And Final Offer"; Says If Offer Is Not Accepted, "I Would Need To Reconsider My Position As A Shareholder"..."I Don't Have Confidence In Management Nor Do I Believe I Can Drive The Necessary Change In The Public Market"-Reuters. "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk told Twitter Chairperson Bret Taylor on Wednesday, as disclosed in an amended SEC filing on Thursday morning. "However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company."-Benzinga. Wow, well Elon Musk certainly knows how to keep things interesting. Twitter (TWTR) stock rallied sharply up to $53.99 before retracing slightly to trade at $50.93 at the time of writing for a gain of 11%. Twitter (TWTR) stock forecast The current spike is topping out just where Twitter (TWTR) spiked on the previous disclosure of Elon Musk's stake. This then looks like a classic bearish double top. Newsflow is likely to be the main driver here rather than technicals but this is interesting if Elon Musk steps away as his "I Would Need To Reconsider My Position As A Shareholder" hints at. The best and final offer does seem to put a top on the price for now unless some other bidder emerges for Twitter (TWTR). TWTR stock chart, daily-Tradingview
(TWTR) Twitter Stock News and Forecast: What is a poison pill for TWTR stock?

(TWTR) Twitter Stock News and Forecast: What is a poison pill for TWTR stock?

FXStreet News FXStreet News 19.04.2022 16:36
Summary: Twitter stock rose over 7% on Monday to $48.45. Elon Musk previously tabled a $54.20 bid for TWTR. Twitter rejected Musk's offer and adopted a poison pill defense. Twitter (TWTR) stock rallied sharply on Monday as speculation intensified over potential bidders for the company. Latest reports show the company appears to definitely be in play with multiple suitors lined up to challenge Musk's bid. If you have been living under a rock, Elon Musk unveiled a 9.2% stake in Twitter only a couple of weeks ago. The Twitter board offered Musk a seat, which he rejected. This was likely an attempt at a "keep your enemy closer" strategy as board members cannot launch a takeover bid for the company. The rejection put Twitter in play, and subsequently Elon Musk offered to buy the remainder of TWTR stock for $54.20 in cash. He stated it was his final offer. Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM Twitter Stock News Twitter apparently decided to fight Elon Musk's offer using what is known as a poison pill mechanism. Just what is a poison pill? Basically, it is akin to money printing – companies just print new shares to defend themselves. This puts more shares in play, meaning any potential buyer is diluted. A poison pill means that all shareholders except Elon Musk can buy shares in a discounted issue. Elon Musk's stake would be diluted while other holders get the chance to maintain their holding. In this case, Twitter has set the level at 15%. It can begin issuing shares if Musk goes over this threshold. Silver Lake reportedly was involved in 2018 when Elon Musk was planning to take Tesla private Musk may be about to face competition in his quest to land Twitter if the latest reports are to be believed. Apollo Global is reportedly interested in some form of participation in the deal, according to The Wall Street Journal. The WSJ article elaborated that Apollo Global could be in line to provide financing for the deal. Whether that is to Musk or another bidder remains to be seen. The New York Post said in an article on April 15 that Musk was speaking to investors that could partner with him on any deal for Twitter. Musk has a large fortune, but it is largely due to his Tesla holding. So to pay up for Twitter he could sell some of his Tesla shares or seek financing from private equity or Wall Street Investment Banks. The New York Post article mentions Silver Lake as a potential partner. Silver Lake reportedly was involved in 2018 when Elon Musk was planning to take Tesla private. Back in 2018 was the origin of the "funding secured" tweet, which ended up with a slap on the wrist from the Securities & Exchange Commission and a Twitter check for Elon's future tweets. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun There has also been talk that Thomas Bravo will enter the bidding. Thomas Bravo is a private equity firm and is looking at possibilities, according to Bloomberg and Reuters. Twitter Stock Forecast The spike from the initial announcement brought Twitter naturally up to Elon Musk's offer price at $54.20. Interestingly the price has never breached this level, meaning the market is not very confident that another buyer will emerge. It is not unusual for a stock to trade higher than a proposed takeover offer if the market believes other bidders will emerge. What we are witnessing here is the market's lack of confidence in Elon Musk getting his bid through as there are question marks over how he raises the cash. Twitter naturally went overbought on both Money Flow Index (MFI) and the Relative Strength Index (RSI) when the stock spiked. Now, these are back at normal levels. The stock remains in a classic downtrend, but short-term news flow will generate plenty of volatility, so traders need to keep aware of this. Twitter (TWTR) stock chart, daily
Tesla Will Struggle To Recover In The Coming Years

Wow! Tech Stocks: Tesla Stock Price Impresses With Its Performance!

FXStreet News FXStreet News 08.08.2022 16:38
Tesla stock falls 6% on Friday as rally starts to stall. TSLA stock is up 31% in the past month. Elon Musk said a recession is likely to last 18 months but be mild. Tesla stock fell on Friday as commentary from Elon Musk was taken as relatively bearish. The Tesla CEO said that the US looked set for a mild recession, probably in the ballpark of 18 months. Also more noteworthy in our view, Tesla stock is up nearly 32% in the past month and was due for a stall. Regular readers will have noted that your author has been short Tesla for some time. Luckily, I saw the writing on the wall and closed the position some 25% ago in the infancy of the rally. Also read: Tesla Stock Deep Dive: Price target at $400 on China headwinds, margin compression, lower deliveries Now it may be time to review the short thesis. This equity rally has been long in duration and percentage now and may be set to stall. The catalyst for the rally, that of falling yields, is reversing after Friday's strong jobs report. That strong report has given the Fed more ammunition to go for 75 basis points again in September. We are likely to see rhetoric turn notably hawkish this week from Fed speakers. Tesla stock news Also of note were other somewhat bearish comments from Elon Musk about the long-awaited Tesla Cybertruck. “Cybertruck pricing, it was unveiled in 2019, and the reservation was $99," Musk said. "A lot has changed since then, so the specs and the pricing will be different.” One has to assume this is a warning that prices will be higher given inflation and supply chain issues, but perhaps the biggest news piece is the imminent Tesla stock split. This is due to take place after August 17, which will be the record date. The Tesla stock split is to be a 3-for-1, so that Tesla shareholders on August 17 will receive an additional two extra shares in the form of a special dividend. Trading on a stock split-adjusted basis is scheduled to begin on August 25. Stock splits are generally seen as beneficial to stock prices simply due to human psychology – we like things that are perceived as cheaper even if in reality they are not. Tesla stock forecast Tesla recently marked its monthly gain of over 30% by flashing overbought on both the Relative Strength Index (RSI) and the Money Flow Index (MFI). It also retraced to the 200-day moving average but has not consolidated above there. The $945-to-$975 zone was an area of major resistance, and TSLA stock price has failed here. Momentum looks to be stalling, and Tesla is nothing if not a momentum play. This week could be interesting with Wednesday's CPI. That will dictate yields and the next Fed move, both of which will be the dominant factors in the next move for Tesla stock. Tesla chart, daily
At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

US Stocks: Twitter Stock Price Is Like A Highspeed Rollercoaster!

FXStreet News FXStreet News 07.10.2022 15:54
Twitter stock fell nearly 4% on Thursday as the Elon Musk saga continues. TWTR stock now trading nearly 10% below the offer price of $54.20. Twitter still has surged from lows of $41 last week. Read next: Terra's Worker Arrested! White House Comment On The OPEC Decision And Success of Deutsche Bank | FXMAG.COM The will-he-won't-he saga appears to be nearing a conclusion, but it is not over the finish line yet. Market participants and investors look to be doubting the deal if the latest share price movements are anything to go by. Twitter is trading at under $50 now at $49.30 this morning in Friday's premarket. That is a near 10% discount to the offer price of $54.20. Given the deal is due to close shortly, that is a larger-than-usual deal approaching the finish line. Usually, merger arbitrage players would be all over such a discount so near to closure, but this deal has been clouded in uncertainty from the start. Extra caution is obviously being taken in valuing the probability of the deal going through. Twitter stock news Always the risk in writing about this one is that the news changes dramatically and quickly, but the latest appears to be that the Twitter trial date to try and force Elon Musk to go through with his purchase has been delayed to allow the deal to go through by October 28, according to the judge. That appears to be good news. "This action is stayed until 5 PM on October 28, 2022, to permit the parties to close on the transaction," wrote Chancellor Kathaleen McCormick of Delaware's Court of Chancery. The judge also said if the deal does not close by then, a trial date in November will be set. Various media sources carried news earlier on Thursday that Elon Musk's team had attempted to delay the trial on Thursday, but Twitter responded: "Twitter opposes Defendants' motion...The obstacle to terminating this litigation is not, as Defendants say, that Twitter is unwilling to take yes for an answer. The obstacle is that Defendants still refuse to accept their contractual obligations." Twitter Stock Price - "Technical analysis does not really apply to a merger arbitrage situation" The TWTR stock price is obviously volatile as a result of all this contrasting news and is likely to remain so. Will the deal get finished, and if so when? The risk-reward diminishes near the strike or take-out price of $54.20. Technical analysis does not really apply to a merger arbitrage situation. Twitter stock daily chart

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