After news broke that Elon Musk now seeks to buy Twitter outright for more than $43 billion and take it private, share prices initially rose in Twitter, the company he’s eyeing, and declined in Tesla, the company he’s leading.
Twitter shares TWTR, -1.68% were trading up almost 2% at midday Thursday, at around $46.70 a share, then dipped slightly negative to $45.90 before edging up again. That’s still well below Musk’s offer to buy remaining shares at $54.20, if Twitter’s board agrees to what Musk calls his “best and final” offer. That is a nice premium on the stock’s Wednesday $45.85 closing price, even if, as Cowen analyst John Blackledge observed, the offer is near the midpoint of Twitter’s 52-week trading range.
If plump long-term investment returns are the goal, many advisers say it’s best to tune out the Twitter-Tesla hype. And it’s also good to remember that there’s a difference between investing and speculating, they add. “People looking to act on short term and fleeting news stories far removed from the actual business of the stock they are buying, are speculating in the hopes of selling something tomorrow for more than they paid today — they aren’t actually hoping to own a business at all,” said Elliot Pepper, a financial planner and tax director at Northbrook Financial in Baltimore.
If you’re going to play the market Here’s where it’s important to have a plan if you’re going to get pulled down the road of stock picking, said Lacy Rogers, founder of the Dedicated Dollar. Keeping any stock-market play money at less than 10% of investable assets is a good approach, said Bryan Minogue, founder of Kardinal Financial. Others say it shouldn’t be more than 5%. Better yet, Minogue added, make sure there’s at least 15% or 20% going to diversified funds in IRAs and 401s before the stock purchases.
Inflate the price with this news & then sell his newly acquired 9% stake 💵 🏦
No one cares this is BULLSHIDD news stop it
Bless
This guy is great at squeezing shorts
Tears, though painful, will make you grow day by day
Nah
¿Tesla es una especulación?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ComicBook - 🏆 65. / 68 Read more »
Source: wjxt4 - 🏆 246. / 63 Read more »
Source: ExpressNews - 🏆 519. / 51 Read more »
Source: engadget - 🏆 276. / 63 Read more »
Source: nypost - 🏆 91. / 67 Read more »
Source: DailyFX - 🏆 305. / 63 Read more »