Social media company Twitter (NYSE: TWTR) is one of the only S&P 500 (SPX) stocks in the green today, currently up over 2%, while the SPX is down 3.2%. This is because Twitter shareholders voted in favor of selling the company to Elon Musk for $44 billion.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
With Twitter’s market cap being roughly $32.4 billion, this leaves plenty of upside potential if the sale happens. However, there will be a trial next month to decide if the deal can go through or not.