Musk-Fueled Rally on TWTR Announcement Furthers the Squeeze

While the S&P 500 finished 0.88% higher on the session, it was the most-shorted names that regained their posture after fizzling on Friday.

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

Elon Musk announced a 9.2% stake in TWTR totaling $2.89B. The news sent TWTR surging over 27% during the session. While the S&P 500 finished 0.88% higher on the session, it was the most-shorted names that regained their posture after fizzling on Friday (FCEL, NNOX, PLUG, GPS, FSR, ATER, COOP).

Video Length: 00:14:40

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