Twitter stock at highest level since November after Elon Musk's purchase

According to a filing with the SEC, the Twitter TWTR Shares closed at the highest level since November after Elon Musk agreed to buy Twitter at its original price of $54.20 per share. Musk initially offered to buy Twitter in April, before putting the deal on hold in May due to issues related to the number of bot users on the platform.

Hindenburg Research closed its long position on Tuesday in Twitter.

The company announced a public offering of 6 million shares of common stock, which led to a drop in extended trading. The FDA approved its ALS drug, Relyvrio, last week. The past month, the shares have surged 72%.

In conjunction with the ongoing share repurchase program, AutoZone AZO authorized an additional $2.5 billion stock buyback. AutoZone's board started its repurchase program in 1998 and has since authorized $33.7 billion in share repurchases.

AirBNB ABNB Bernstein is a bullish opinion on AirBNB's growth potential. In a note to clients, Richard Clarke initiated coverage of the stock with an outperform rating and $143 price target, and said that there was no reason why AirBNB can't become a meaningful seller of other travel verticals. The stock has fallen 33% since the beginning of the year.