Twitter Inc. [TWTR] Chief Financial Officer makes an insider sale of 5,000 shares worth 214,000.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Twitter Inc. shares valued at $214,000 were sold by SEGAL NED D. on Aug 09. At $42.80 per share, SEGAL NED D. sold 5,000 shares. The insider’s holdings dropped to 688,333 shares worth approximately $28.41 million following the completion of this transaction.


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Also, Caldwell Nick V. sold 4,546 shares, netting a total of over 186,488 in proceeds. Following the sale of shares at $41.02 each, the insider now holds 365,450 shares.

Before that, Beykpour Kayvon had sold 14,878 shares from its account. In a trade valued at $611,339, the General Manager of Consumer traded Twitter Inc. shares for $41.09 each. Upon closing the transaction, the insider’s holdings decreased to 14,878 shares, worth approximately $16.36 million.

As published in a research note from Rosenblatt on August 24, 2022, Twitter Inc. [TWTR] has been rated down from a Buy to a Neutral and the price target has been revised to $37 from $52. This represents a -11.54% premium over Wednesday’s closing price. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of July 14, 2022, Rosenblatt has increased its “Neutral” rating to a “Buy” for TWTR. Earlier on July 11, 2022, Stifel resumed its rating. Their recommendation was “a Hold” for TWTR stock.

Analyzing TWTR’s Price Performance

On Wednesday, Twitter Inc. [NYSE: TWTR] plunged -0.98% to $41.27. The stock’s lowest price that day was $41.27, but it reached a high of $42.185 in the same session. During the last five days, there has been a drop of approximately -1.50%. Over the course of the year, Twitter Inc. shares have dropped approximately -4.51%. Shares of the company reached a 52-week high of $54.57 on 04/05/22 and a 52-week low of $31.30 on 02/24/22. A 50-day SMA is recorded $41.04, while a 200-day SMA reached $40.37. Nevertheless, trading volume fell to 7.58 million shares from 7.23 million shares the previous day.

Support And Resistance Levels for Twitter Inc. (TWTR)

According to the 24-hour chart, there is a support level at 40.97, which, if violated, would cause prices to drop to 40.66. In the upper region, resistance lies at 41.88. The next price resistance is at 42.49. RSI (Relative Strength Index) is 50.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 27.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Twitter Inc. subject to short interest?

Stocks of Twitter Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.75 million shares to 34.59 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 33.84 million shares. A jump of 2.17% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.9 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.9.

Which companies own the most shares of Twitter Inc. (TWTR)?

According to The Vanguard Group, Inc. filings, the company currently owns 68,515,022 shares, which is about 8.95% of the total TWTR shares outstanding. The investor’s shares have plunged by -10,753,358 from its previous 13-F filing of 79268380.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,383,103,401. SSgA Funds Management, Inc. reduced a -10.29% interest valued at $1.27 billion while Fidelity Management & Research Co purchased a 4,309,866 stake. A total of 18,083,000 shares of Twitter Inc. were bought by Pentwater Capital Management LP during the quarter, and -498,008 were sold by Geode Capital Management LLC. In its current portfolio, ClearBridge Investments LLC holds 9,290,104 shares valued at $359.99 million.

In terms of Twitter Inc. share price expectations, FactSet research, analysts set an average price target of $41.51 in the next 12 months, down nearly -1.63% from the previous closing price of $41.68. Analysts anticipate Twitter Inc. stock to reach $54.20 by 2022, with the lowest price target being $22.00. On July 11, 2022, Rosenblatt assigned a price target of “a Neutral” to the stock and reiterated coverage with a $33.

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