Elon Agrees to His Original TWTR Terms

The stock surged more than 20% on the news, closing the day at $52 per share, just shy of the $54.20 ticket price.

It was also reported yesterday that Carl Icahn has amassed a large stake in the social media company and could collect an estimated $250 million profit on the merger arbitrage trade.

Coliseum Capital Management, LLC filed a Form 4 reporting the purchase of roughly $8.2 million in GMS Inc $GMS.

The fund now owns more than 14% of outstanding shares.

Here’s The Hot List, with data through October 4, 2022:

Deerfield Asset Management’s James Flynn filed a 13G for IVERIC bio $ISEE, revealing an increase in ownership from 4.15% to 5.59%.

In another Form 4, ICONIQ Strategic Partners reported an additional purchase of 12,800 shares, equivalent to $441,667 of Braze Inc $BRZE.

In the options market, there was bullish flow in Chimera Investment $CIM, Fastly $FSLY, and Lyft Inc $LYFT.

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

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All Star Charts Team