Twitter (TWTR): Shares closed on the highest stage since November after Elon Musk agreed to purchase Twitter at its unique value of $54.20 per share, in keeping with a submitting with the SEC. Musk initially supplied to purchase Twitter in April, earlier than placing the deal on maintain in Might over points associated to the variety of bot customers on the platform.
Hindenburg Analysis closed its lengthy place in Twitter on Tuesday.
Amylyx Prescription drugs (AMLX): Shares fell in prolonged buying and selling after the corporate introduced a public providing of 6 million shares of widespread inventory. The information comes after the FDA introduced the approval of its ALS drug, Relyvrio, final week. Shares have surged 72% previously month.
AutoZone (AZO): The corporate licensed an extra $2.5 billion inventory buyback in reference to its ongoing share repurchase program. AutoZone’s board began its repurchase program in1998 and has since licensed a complete of $33.7 billion in share repurchases.
AirBNB (ABNB): Bernstein is bullish on AirBNB’s progress potential. Analyst Richard Clarke initiated protection on the inventory with an outperform ranking and $143 value goal, writing in a notice to purchasers that there’s “little motive why AirBNB can’t turn into a significant vendor of different journey verticals.” The inventory has fallen 33% for the reason that begin of the yr.
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