Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Twist Bioscience Corp shares valued at $65,483 were sold by Finn Patrick John on Apr 23 ’24. At $30.12 per share, Finn Patrick John sold 2,174 shares. The insider’s holdings dropped to 176,206 shares worth approximately $5.48 million following the completion of this transaction.
Also, Laponis Adam sold 556 shares, netting a total of over 18,434 in proceeds. Following the sale of shares at $33.16 each, the insider now holds 74,444 shares.
Before that, Leproust Emily M. had sold 1,132 shares from its account. In a trade valued at $37,057, the Chief Executive Officer traded Twist Bioscience Corp shares for $32.74 each. Upon closing the transaction, the insider’s holdings decreased to 1,132 shares, worth approximately $15.98 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 surge of approximately 9.59%. Over the course of the year, Twist Bioscience Corp shares have dropped approximately -15.68%. Shares of the company reached a 52-week high of $43.21 on 02/15/24 and a 52-week low of $27.41 on 04/19/24. A 50-day SMA is recorded $34.88, while a 200-day SMA reached $27.58. Nevertheless, trading volume fell to 1.23 million shares from 1.07 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 30.13, which, if violated, would cause prices to drop to 29.18. In the upper region, resistance lies at 31.66. The next price resistance is at 32.24. RSI (Relative Strength Index) is 46.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 42.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
