Tradeweb Markets Inc (TW) may enjoy gains as insiders got busy in the recent days

In a filing, Tradeweb Markets Inc revealed its Managing Director, Europe/Asia Bruni Enrico unloaded Company’s shares for reported $58057.0 on Jan 29. In the deal valued at $100.10 per share,580 shares were sold. As a result of this transaction, Bruni Enrico now holds 52,716 shares worth roughly $5.35 million.

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Then, Hult William sold 9,616 shares, generating $902,583 in total proceeds. Upon selling the shares at $93.86, the Chief Executive Officer now owns 133,200 shares.

Before that, Hult William sold 14,425 shares. Tradeweb Markets Inc shares valued at $1,362,724 were divested by the Chief Executive Officer at a price of $94.47 per share. As a result of the transaction, Hult William now holds 142,816 shares, worth roughly $14.49 million.

Barclays initiated its Tradeweb Markets Inc [TW] rating to an Overweight in a research note published on Tuesday, June 28, 2023; the price target was $89.

Price Performance Review of TW

On Tuesday, Tradeweb Markets Inc [NASDAQ:TW] saw its stock jump 1.42% to $101.49. Over the last five days, the stock has gained 4.51%. Tradeweb Markets Inc shares have risen nearly 11.67% since the year began. Nevertheless, the stocks have risen 37.73% over the past one year. While a 52-week high of $102.86 was reached on 02/09/24, a 52-week low of $64.83 was recorded on 01/02/24. SMA at 50 days reached $94.48, while 200 days put it at $83.17. A total of 0.92 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For TW Stock

The 24-hour chart illustrates a support level at 99.57, which if violated will result in even more drops to 97.64. On the upside, there is a resistance level at 102.63. A further resistance level may holdings at 103.78. The Relative Strength Index (RSI) on the 14-day chart is 63.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.74%. Stochastics %K at 86.78% indicates the stock is a selling.

How much short interest is there in Tradeweb Markets Inc?

A steep rise in short interest was recorded in Tradeweb Markets Inc stocks on Jan 31, 2024, dropping by -0.29 million shares to a total of 1.66 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 1.95 million shares. There was a decline of -17.47%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.45% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.5.

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