Twilio Inc’s filing revealed that its Chief Financial Officer Viggiano Aidan unloaded Company’s shares for reported $66852.0 on Feb 21 ’24. In the deal valued at $55.71 per share,1,200 shares were sold. As a result of this transaction, Viggiano Aidan now holds 241,044 shares worth roughly $14.84 million.
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Then, Wagner Dana sold 458 shares, generating $25,515 in total proceeds. Upon selling the shares at $55.71, the Chief Legal Officer, Secretary now owns 171,744 shares.
Before that, Viggiano Aidan sold 1,694 shares. Twilio Inc shares valued at $106,739 were divested by the Chief Financial Officer at a price of $63.01 per share. As a result of the transaction, Viggiano Aidan now holds 167,101 shares, worth roughly $10.29 million.
Northland Capital downgraded its Twilio Inc [TWLO] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid February from “a Hold” to “a Reduce”. Piper Sandler also remained covering TWLO and has increased its forecast on January 12, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Needham maintained its rating on December 13, 2023. It rated TWLO as “a Buy”.
Price Performance Review of TWLO
On Friday, Twilio Inc [NYSE:TWLO] saw its stock jump 0.05% to $61.57. Over the last five days, the stock has gained 3.20%. Twilio Inc shares have fallen nearly -18.85% since the year began. Nevertheless, the stocks have fallen -1.79% over the past one year. While a 52-week high of $78.16 was reached on 01/22/24, a 52-week low of $45.02 was recorded on 02/21/24. SMA at 50 days reached $65.54, while 200 days put it at $63.66. A total of 2.06 million shares were traded, compared to the trading of 2.78 million shares in the previous session.
Levels Of Support And Resistance For TWLO Stock
The 24-hour chart illustrates a support level at 61.11, which if violated will result in even more drops to 60.66. On the upside, there is a resistance level at 61.93. A further resistance level may holdings at 62.30. The Relative Strength Index (RSI) on the 14-day chart is 48.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.18%. Stochastics %K at 78.24% indicates the stock is a holding.
How much short interest is there in Twilio Inc?
A steep rise in short interest was recorded in Twilio Inc stocks on Feb 29, 2024, dropping by 100000.0 shares to a total of 3.49 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.59 million shares. There was a decline of -2.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.73.
The most recent change occurred on September 15, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $67 price target.
