Sell Twitter Stock on Musk Circus, Says Top Analyst

TipRanks2022-04-19

Early in April, Elon Musk revealed he had bought a 9.2% stake in Twitter (TWTR), making him the micro-blogging platform’s largest shareholder. Following which, he was offered a place on the board that...

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2022-04-20
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Yeah sell so he can buy more

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Following which, he was offered a place on the board that...</p>\n\n<a href=\"https://finance.yahoo.com/news/sell-twitter-stock-musk-circus-200855376.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4581","symbol_name":"高盛持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/sell-twitter-stock-musk-circus-200855376.html","article_id":"2228952965","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/sell-twitter-stock-musk-circus-200855376.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2228952965","pubTimestamp":1650358650,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Early in April, Elon Musk revealed he had bought a 9.2% stake in Twitter (TWTR), making him the micr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4581":"高盛持仓","BK4527":"明星科技股","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","TWTR":"Twitter","BK4099":"汽车制造商","BK4574":"无人驾驶","BK4555":"新能源车","BK4511":"特斯拉概念","BK4550":"红杉资本持仓"},"translate_title":"顶级分析师表示，在马斯克马戏团出售推特股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"TWTR":0.9},"content_text":"Early in April, Elon Musk revealed he had bought a 9.2% stake in Twitter (TWTR), making him the micro-blogging platform’s largest shareholder. Following which, he was offered a place on the board that he initially accepted. That, however, would cap his ownership at 14.9%. Assessing his strategy, Musk then decided not to join the board, thereby removing the limitation. Musk’s next step was to offer to completely buy out the company at a price of $54.20 per share (giving Twitter a valuation of $43.4 billion), take it off the public markets and change the platform more to his liking.With the conditions set out in his plan, the final move is the last straw for Stifel's 5-star analyst Mark Kelley.“We believe TWTR shares are now completely detached from the fundamental story with Elon Musk's involvement, as he just put a near-term $54.20 ceiling on shares, as he states in the letter to the Board that this is his 'best and final offer' and 'if it is not accepted, I would need to reconsider my position as a shareholder' — therefore either (1) the company goes private at $54.20, and you’re playing for ~15% upside from here, or (2) the offer is declined, Musk sells his stake and the shares sell off dramatically,\" Kelley commented.The Musk saga trumps all other developments but is not the only issue bothering Kelley. 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