Stock Market Recap: This Week’s 5 Top Stories

It’s been another busy week of trading for investors and we’re helping them out with a stock market recap of the top stories from this week.

top stocks: skyscraper buildings viewed from the ground with Wall Street street sign in the foreground (Stock Market Recap)

Source: Shutterstock

It’s been an exciting week for the stock market with several major bits of news worth going over. Luckily, we’ve got it all ready in one place thanks to our daily coverage of the market.

You can find all of that below!

Stock Market Recap: Elon Musk Twitter Stake

Elon Musk surprised investors and meme traders this week when he took out a 9% stake in Twitter (NYSE:TWTR). That stake also secured Musk a seat on the social media company’s board of directors. Many hope that Musk will implement changes on the platform with his influence.

Stock Market Recap: JetBlue Takeover Bid

JetBlue (NASDAQ:JBLU) caught the interest of investors this week when it made a takeover bid for Spirit Airlines (NYSE:SAVE). This comes as SAVE was preparing to merge with Frontier Airlines (NASDAQ:ULCC).

Stock Market Recap: Warren Buffett HP Stake

Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A,NYSE:BRK-B) also caught investors off guard this week when it took an 11.4% stake in HP (NYSE:HPQ). This came as Buffett has been more active after holding off on investments during the pandemic.

Stock Market Recap: Tesla Cyber Rodeo

Tesla (NASDAQ:TSLA) CEO Elon Musk held a party this week called the Cyber Rodeo to celebrate the opening of the company’s Austin, Texas Gigafactory. A surprise appearance of the Dogecoin (DOGE-USD) mascot is also worth mentioning.

Stock Market Recap: Mullen Automotive Short Report

Mullen Automotive (NASDAQ:MULN) has had a rough week after Hindenburg Research hit the company with a short report. That saw the electric vehicle (EV) company’s shares take a massive beating throughout the week. In addition to that, Mullen Automotive director Kent Puckett sold 31,067 shares of MULN stock, leaving him without any shares in the company.

We’ve got more hot stock news for today below!

That includes an update on Robinhood (NASDAQ:HOOD) crypto wallets, JPMorgan (NYSE:JPM) buying Bumble (NASDAQ:BMBL) shares, as well as the top penny stocks for Friday. You can find all of that below!

More Friday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


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