Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Twilio Inc shares valued at $66,852 were sold by Viggiano Aidan on Feb 21 ’24. At $55.71 per share, Viggiano Aidan sold 1,200 shares. The insider’s holdings dropped to 241,044 shares worth approximately $14.71 million following the completion of this transaction.
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Also, Wagner Dana sold 458 shares, netting a total of over 25,515 in proceeds. Following the sale of shares at $55.71 each, the insider now holds 171,744 shares.
Before that, Viggiano Aidan had sold 1,694 shares from its account. In a trade valued at $106,739, the Chief Financial Officer traded Twilio Inc shares for $63.01 each. Upon closing the transaction, the insider’s holdings decreased to 1,694 shares, worth approximately $10.19 million.
As published in a research note from Northland Capital on February 15, 2024, Twilio Inc [TWLO] has been rated down from an Outperform to a Market perform and the price target has been revised to $66. Analysts at HSBC Securities downgraded the stock from ‘”a Hold”‘ to ‘”a Reduce”‘ outlook in a report released in mid February. As of January 12, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for TWLO. Earlier on December 13, 2023, Needham resumed its rating. Their recommendation was “a Buy” for TWLO stock.
Analyzing TWLO Stock Performance
During the last five days, there has been a drop of approximately -1.45%. Over the course of the year, Twilio Inc shares have dropped approximately -19.59%. Shares of the company reached a 52-week high of $76.03 on 01/22/24 and a 52-week low of $55.57 on 02/21/24. A 50-day SMA is recorded $64.88, while a 200-day SMA reached $63.62. Nevertheless, trading volume fell to 2.07 million shares from 2.13 million shares the previous day.
Support And Resistance Levels for Twilio Inc (TWLO)
According to the 24-hour chart, there is a support level at 60.66, which, if violated, would cause prices to drop to 60.31. In the upper region, resistance lies at 61.48. The next price resistance is at 61.96. RSI (Relative Strength Index) is 46.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 61.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Twilio Inc subject to short interest?
Stocks of Twilio Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by 100000.0 shares to 3.49 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.59 million shares. A decline of -2.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.73 of the overall float, the days-to-cover ratio (short ratio) decline to 0.73.
