On October 27, 2022, Elon Musk, the CEO of Tesla, accomplished his buy of Twitter (TWTR) for a worth of $54.20 per share. This acquisition marked the top of the social media big’s time as a publicly traded firm, making it a privately held one. The information of this transaction got here after months of hypothesis and back-and-forth rumors.
Earlier within the 12 months, on April 4, Musk invested $2.89 billion to take a 9.2 % stake in Twitter, making him the corporate’s largest stakeholder. His buy of 73.5 million shares on October 27 introduced the funding’s guide worth to $3.94 billion.
With all these latest developments surrounding Twitter, buyers are understandably interested in what the longer term holds for the corporate. One query on many individuals’s minds is what the inventory forecast for the approaching years shall be.
Twitter made its debut on the inventory market with its preliminary public providing (IPO) on November 7, 2013, with shares priced at $26 every. The inventory worth reached a peak of $69.63 per share in December of that 12 months, however then started a downward pattern, finally falling to a low of $14.12 per share in Might 2014.
For a number of years following this, the inventory worth fluctuated between $20 and $40 per share, earlier than reaching a excessive of $52.87 in December 2016. Nonetheless, the inventory worth then dropped and reached a low of $26.19 per share in December 2018. After that, the inventory worth started a gentle improve and reached a excessive of $74.73 per share in December 2019. Nonetheless, since then, the inventory worth has fluctuated