Rumors are circulating on October 25, 2022, that Elon Musk told bankers he plans to accept and close the Twitter $TWTR deal on Friday, October 28, 2022.
Dark Pool Trading Detected In $TWTR Stock
A dark pool trade occurred in $TWTR stock on October 25, 2022, as rumors circulated that Elon Musk and Twitter had reached a deal set to close on Friday, October 28, 2022. We cannot determine if the dark pool trade was a buy or sell order.
Notice from Musk lawyers sign Twitter deal on track for Friday close, CNBC says
On October 25, 2022, CNBC’s David Faber tweeted: “Equity investors in Elon Musk’s take private of Twitter have received paperwork from his lawyers at Skadden Arps in order to prepare for closing the deal. It’s another sign the deal is on track for a Friday close.” Source: https://twitter.com/davidfaber/status/1584961475281494016?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
South Korea’s Mirae plans to commit $200M to fund Twitter buyout, Reuters says
On October 24, 2022, South Korea’s Mirae Asset Financial Group is planning to commit about $208M to help finance Tesla (TSLA) CEO Elon Musk’s buyout of Twitter (TWTR), Reuters reports, citing a source familiar with the matter. Source: https://www.reuters.com/markets/europe/mirae-asset-talks-fund-elon-musks-twitter-deal-source-2022-10-24/
Twitter $TWTR Stock Technical Analysis
Twitter $TWTR stock is in a technical strong uptrend. Long-term indicators suggest a continuation of the uptrend. However, short-term indicators suggest Twitter stock is approaching overbought territory, so profit taking or even a trend reversal is possible.