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Elon Musk tweet spikes stock for wrong company – Herald Sun

An obscure medical device company’s stock price surged more than 400 per cent after Elon Musk endorsed a messaging app with the same name – before crashing on Tuesday…

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The SpaceX owner and Tesla CEO Elon Musk had investors scrambling to buy Signal shares, but it wasnt company he was endorsing.An obscure medical device company’s stock price surged more than 400 per cent after Elon Musk endorsed a messaging app with the same name – before crashing on Tuesday as the confusion was cleared up.
The bizarre rally started after the billionaire Tesla chief told his 42 million Twitter followers to “Use Signal” on Thursday, apparently referring to the mobile app that lets…

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