The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Twist Bioscience Corp shares valued at $18,434 were sold by Laponis Adam on Apr 09 ’24. At $33.16 per share, Laponis Adam sold 556 shares. The insider’s holdings dropped to 74,444 shares worth approximately $2.13 million following the completion of this transaction.
Also, Leproust Emily M. sold 1,132 shares, netting a total of over 37,057 in proceeds. Following the sale of shares at $32.74 each, the insider now holds 514,149 shares.
Before that, Finn Patrick John had sold 492 shares from its account. In a trade valued at $16,106, the President and COO traded Twist Bioscience Corp shares for $32.74 each. Upon closing the transaction, the insider’s holdings decreased to 492 shares, worth approximately $5.1 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 -10.33%. Over the course of the year, Twist Bioscience Corp shares have dropped approximately -22.49%. Shares of the company reached a 52-week high of $43.21 on 02/15/24 and a 52-week low of $27.86 on 04/16/24. A 50-day SMA is recorded $35.79, while a 200-day SMA reached $27.28. Nevertheless, trading volume fell to 0.84 million shares from 0.86 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 28.09, which, if violated, would cause prices to drop to 27.60. In the upper region, resistance lies at 29.15. The next price resistance is at 29.72. RSI (Relative Strength Index) is 30.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.19, which suggests the price will decrease in the coming days. Percent R is at 90.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
