Twtr

Elon Musk’s TWTR Purchase: News broke earlier this morning about Elon Musk taking a 9.2% stake in $TWTR — Twitter Inc. This stake in Twitter is equivalent to 73,486,938 shares and is worth $2.89B as of the market close on Friday. This news sent the TWTR stock soaring in premarket trading as Twitter is…

[caption id=”” align=”alignnone” width=”1211.0"] Twitter chart of its IPO day. AlexRT Copyright[/caption] Few thoughts on Twitter: I agree with Jim, if Twitter’s price is higher than $28 to $29, this stock is going to be overpriced. From today’s chart we can see a pattern that people are chasing the momentum and paying with our supply and demand. I personally think Facebook has been improved a lot. However, Twitter still has a long way to go.

Newest update: — RBC Capital Mkts — Outperform with tgt $33 Evercore Partners — Overweight with tgt$43 Cantor Fitzgerald — Buy with tgt $32 Twitter is set to debut with 70 mln share IPO at $26, above the increased $23–25 expected range. The original expected price range for Twitter is $17 — $20. The price has adjusted to $26. Do you think how much will Twitter pop today? AlexRT Real-Time with Alex

During an interview with NYSE Euronext CEO Duncan L. Niederauer, he said Twitter is prob going to IPO around 10AM Eastern time. Twitter is very least likely will IPO at regular NYSE opening hours 930 AM. Keep an eye on the news. CNBC will live report Twitter’s IPO.