Twitter (TWTR) Stock News and Forecast: TWTR stock rallies as board to meet at 10am EST to consider offer

TWTR stock rallies sharply to over $50 as Elon Musk offers $54.20 cash.
TWTR stock had closed Wednesday at $45.85.
TWTR stock is down over 30% in the past 12 months.

Ivan Brian FXStreet

Update: The Twitter board is set to meet at 10am EST to consider Elon Musk's offer to buy the company for $54.20 in all cash. TWTR shares have given up some ground from where they were trading in the premarket and currently sit at $46.65.

Twitter (TWTR) stock is back at the top of the chart in Thursday's premarket as it spikes on the back of Elon Musk offering to buy the company.

Twitter (TWTR) stock news

Elon Musk has offered to buy Twitter (TWTR) for $54.20 all cash. Elon Musk recently made headlines when taking a large stake in the company and now this appears to be his possible end game. Reuters reports that Elon Musk delivered a letter to Twitter on April 13 detailing his proposal. "My Offer Is My Best And Final Offer"; Says If Offer Is Not Accepted, "I Would Need To Reconsider My Position As A Shareholder"..."I Don't Have Confidence In Management Nor Do I Believe I Can Drive The Necessary Change In The Public Market"-Reuters. "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk told Twitter Chairperson Bret Taylor on Wednesday, as disclosed in an amended SEC filing on Thursday morning. "However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company."-Benzinga.

Wow, well Elon Musk certainly knows how to keep things interesting. Twitter (TWTR) stock rallied sharply up to $53.99 before retracing slightly to trade at $50.93 at the time of writing for a gain of 11%.

Twitter (TWTR) stock forecast

The curent spike is topping out just where Twitter (TWTR) spiked on the previous disclosure of Elon Musk's stake. This then looks like a classic bearish double top. Newsflow is likely to be the main driver here rather than technicals but this is interesting if Elon Musk steps away as his "I Would Need To Reconsider My Position As A Shareholder" hints at. The best and final offer does seem to put a top on the price for now unless some other bidder emerges for Twitter (TWTR).

TWTR stock chart, daily-Tradingview

Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

GBP/USD flirts with weekly highs in the Fed's aftermath

GBP/USD reversed early losses following the Federal Reserve decision to keep rates on hold and neared the 1.3360 level before shedding some ground. Focus shifts to Governor Kevin Warsh's speech, while the Bank of England will announce its monetary policy decision on Thursday.

EUR/USD extends rally pass 1.1450 on Fed's Warsh

EUR/USD trades at fresh weekly highs above 1.1450, following the Federal Reserve monetary policy decision to keep interest rates on hold. The statement showed policymakers remain confident in economic progress while blaming inflation on energy prices. The divided vote among officials put in doubt a September hike, leading to sharp US Dollar losses.

Gold hovers around $4,100 as Fed decision hits the USD

Gold surged following the Federal Reserve's decision to keep the benchmark interest rate unchanged at 3.50%-3.75%. Policymakers noted that inflation remains elevated and that economic activity is expanding at a solid pace despite elevated uncertainty, spurring doubts about a rate hike in September. XAU/USD peaked above $4,100, now battling to retain the level.

No soft target: Warsh vows to return inflation to 2%

The Fed left interest rates unchanged at 3.50%-3.75%, but the decision carried a distinctly hawkish edge as three officials voted for an immediate 25-basis-point increase. Chair Kevin Warsh reinforced that message, insisting there was no tolerance for a softer inflation target and warning that the Fed would not hesitate to act.

How the CLARITY Act unlocks Wall Street’s tokenization pipeline

The United States (US) Digital Asset Market Clarity Act (CLARITY Act), awaiting a full Senate floor vote, promises to unlock Wall Street’s potential to tokenize financial assets, including equities, US Treasuries, private credit, real estate and commodities at a scale that could supercharge the real-world asset (RWA) market from the current $17 billion level to $5.5 trillion by 2030, according to

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.