Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Twist Bioscience Corp shares valued at $37,057 were sold by Leproust Emily M. on Apr 02 ’24. At $32.74 per share, Leproust Emily M. sold 1,132 shares. The insider’s holdings dropped to 514,149 shares worth approximately $16.38 million following the completion of this transaction.
Also, Finn Patrick John sold 492 shares, netting a total of over 16,106 in proceeds. Following the sale of shares at $32.74 each, the insider now holds 178,380 shares.
Before that, Banyai William had sold 327 shares from its account. In a trade valued at $10,705, the insider traded Twist Bioscience Corp shares for $32.74 each. Upon closing the transaction, the insider’s holdings decreased to 327 shares, worth approximately $11.02 million.
As published in a research note from Goldman on January 17, 2024, Twist Bioscience Corp [TWST] has been rated up from a Neutral to a Buy and the price target has been revised to $45 from $25. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of January 05, 2023, Scotiabank has initiated its “Sector outperform” rating for TWST. Earlier on January 03, 2023, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for TWST stock which previously was a “an In-line”.
Analyzing TWST Stock Performance
During the last five days, there has been a drop of approximately -4.44%. Over the course of the year, Twist Bioscience Corp shares have dropped approximately -13.56%. Shares of the company reached a 52-week high of $43.21 on 02/15/24 and a 52-week low of $30.86 on 04/10/24. A 50-day SMA is recorded $36.23, while a 200-day SMA reached $27.01. Nevertheless, trading volume fell to 0.7 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Twist Bioscience Corp (TWST)
According to the 24-hour chart, there is a support level at 30.97, which, if violated, would cause prices to drop to 30.07. In the upper region, resistance lies at 32.65. The next price resistance is at 33.43. RSI (Relative Strength Index) is 38.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 83.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Twist Bioscience Corp subject to short interest?
Stocks of Twist Bioscience Corp saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.35 million shares to 12.01 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 12.36 million shares. A decline of -2.91% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 14.44 of the overall float, the days-to-cover ratio (short ratio) decline to 14.44.
