Will Elon Take Twitter Private?

JC Parets
April 25, 2022

This morning, the big market news is that Twitter $TWTR and Elon Musk are getting close to striking a deal for the eccentric billionaire to take the company private.

This is a dramatic turn of events from just last week, when the company announced it had adopted a “poison pill” to ward off Musk’s takeover efforts.

The latest reports suggest a deal could be finalized as early as today.

The largest insider transaction on today's list is a Form 4 filing by Singapore's sovereign wealth fund, GIC Private LTD. 

The fund reported an additional $67 million purchase in the fintech stock Affirm Holdings $AFRM.

GIC Private LTD now owns more than 22 million shares of AFRM, representing a 10.2% ownership interest.

In its latest Form 4 filing, Durable Capital Partners reported a buy of roughly $1,547,382 in Duolingo Inc $DUOL, as the hedge fund continues to build its position.

Here’s The Hot List, with data through April 22, 2022:

The chief executive officer of Hasbro Inc $HAS filed a Form 4 revealing a purchase of roughly $905,045 worth of his own company’s stock.

Last but not least, there was bullish options flow in the $67 billion metals and mining company Freeport-McMoRan $FCX as well as the multinational packaged foods conglomerate Kraft Heinz $KHC.

Stay tuned. We'll be back Tuesday with more insider action.

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All Star Charts Team

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