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Why Twitter Stock Took Off This Week

TheMotleyFool

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Twitter (NYSE: TWTR) shareholders had a great week as their stock gained 22% through Thursday trading, compared to a 1% drop in the S&P 500, according to data provided by S&P Global Market Intelligence. The spike put the social media giant's stock back in positive territory for 2022, up about 11% despite a 6% drop in the wider market.

It was sparked by news that Twitter has attracted Tesla CEO and influential billionaire Elon Musk as a major shareholder.

Image source: Getty Images.

Source Fool.com

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