[email protected] (508)309-2110

Will Twitter stock price keep going up after Elon Musk become #1 shareholder?


Elon Musk recently purchased 9.2% of Twitter stock, and this makes him the largest shareholder in the company. Shares of Twitter soared 22% on April 4th immediately following the news, and while Musk did not disclose what he paid for the shares, his stake was worth $2.9 billion as of close of day Friday and 3.5$ billion after the spike Monday. Shareholders like Musk have an obvious, direct effect on the stock market, and the market might still see effects of this as Musk unfolds his plan for potentially changing Twitter. 


Below is a chart from moomoo app depicting the stock of TWTR (Twitter) before Musk purchased 9.2% of its stock.


On Friday, April 1st, 2022 twitter stock closing around $39, the trading volume is under normal range, around 121,053K, 0.676%, turnover rate: 4.77M.


Below is a chart from moomoo app depicting the stock of TWTR (Twitter) after Musk purchased 9.2% of its stock.


It is just unbeliverable, when stock market just opened on April 4th, Twitter stock soared immediately, from $39 to 49, the trading volume increase 153.453%, turnover rate jump to 280M.


Below is short selling chart from moomoo app depicting the stock of TWTR (Twitter) after Musk purchased 9.2% of its stock


As it is showed from the above chart, the short selling was very active, many day traders try to take advantage of this momentum, kept buying Twitter stock, make short gain out of this event, the green color indicates stock purchase, the majority trading activities are purchasing until the stock price hit $52 and higher.

The stock market can universally be unpredictable. What will happen to TWTR stock going forward? The current stock price forecast has a median target of 42.00 with a high estimate of 60.00 and a low estimate of 30.00. The median estimate represents a -18.00% decrease from the last price of 51.22.

What is important to keep in mind is that Musk’s move with Twitter may have ricocheting effects on the social media company as a whole. Musk might help on Twitter’s execution front, meaning he might influence strategic development in the company. Musk will join the board of directors and has already asked influential people how he can help change twitter. The hope is to improve the platform and control the content more consistently. Time will tell what happens with Twitter.