Tradeweb Markets Inc’s filing revealed that its Chief Technology Officer Peterson Justin unloaded Company’s shares for reported $0.53 million on Mar 25 ’24. In the deal valued at $104.83 per share,5,013 shares were sold. As a result of this transaction, Peterson Justin now holds 57,349 shares worth roughly $5.91 million.
Then, Friedman Douglas sold 2,922 shares, generating $301,872 in total proceeds. Upon selling the shares at $103.31, the General Counsel and Secretary now owns 36,194 shares.
Before that, Peterson Justin sold 8,287 shares. Tradeweb Markets Inc shares valued at $854,321 were divested by the Chief Technology Officer at a price of $103.09 per share. As a result of the transaction, Peterson Justin now holds 60,818 shares, worth roughly $6.27 million.
William Blair initiated its Tradeweb Markets Inc [TW] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late June with a ‘”an Overweight”‘ rating. Raymond James also remained covering TW and has increased its forecast on December 07, 2022 with a “an Outperform” recommendation from previously “Mkt perform” rating. Citigroup started covering the stock on October 12, 2022. It rated TW as “a Buy”.
Price Performance Review of TW
On Tuesday, Tradeweb Markets Inc [NASDAQ:TW] saw its stock jump 0.99% to $103.03. Over the last five days, the stock has gained 1.70%. Tradeweb Markets Inc shares have risen nearly 13.37% since the year began. Nevertheless, the stocks have risen 38.35% over the past one year. While a 52-week high of $108.04 was reached on 02/29/24, a 52-week low of $64.83 was recorded on 01/02/24. SMA at 50 days reached $102.57, while 200 days put it at $89.52. A total of 0.91 million shares were traded, compared to the trading of 1.01 million shares in the previous session.
Levels Of Support And Resistance For TW Stock
The 24-hour chart illustrates a support level at 102.11, which if violated will result in even more drops to 101.18. On the upside, there is a resistance level at 103.77. A further resistance level may holdings at 104.50. The Relative Strength Index (RSI) on the 14-day chart is 50.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.84%. Stochastics %K at 31.16% indicates the stock is a holding.
How much short interest is there in Tradeweb Markets Inc?
A steep rise in short interest was recorded in Tradeweb Markets Inc stocks on Mar 15, 2024, dropping by -0.13 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.89 million shares. There was a decline of -7.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.52% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.17.
The most recent change occurred on August 17, 2022 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $91 price target.
