Talk about a midas touch. Or rather, a midas tweet.
Signal’s stock price has soared over the last few days after Elon Musk, the world’s richest man, tweeted “Use Signal” last Thursday. The tweet sent investors scrambling for shares of Signal Advance Inc., with the company’s stock price spiking from 60 cents per share last week to $38.70 on Monday. Even after a 50% drop on Tuesday morning, the company’s stock price is still up 3,092% since the Tesla head honcho’s tweet, currently hovering near $19.15 per share on Tuesday morning.
But here’s the thing: Musk didn’t mean that Signal.