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Investing in Twist Bioscience Corp (TWST) Is Getting More Attractive

Twist Bioscience Corp’s recently made public that its President and COO Finn Patrick John unloaded Company’s shares for reported $65483.0 on Apr 23 ’24. In the deal valued at $30.12 per share,2,174 shares were sold. As a result of this transaction, Finn Patrick John now holds 176,206 shares worth roughly $5.64 million.

Then, Laponis Adam sold 556 shares, generating $18,434 in total proceeds. Upon selling the shares at $33.16, the Chief Financial Officer now owns 74,444 shares.

Before that, Leproust Emily M. sold 1,132 shares. Twist Bioscience Corp shares valued at $37,057 were divested by the Chief Executive Officer at a price of $32.74 per share. As a result of the transaction, Leproust Emily M. now holds 514,149 shares, worth roughly $16.47 million.

Goldman upgraded its Twist Bioscience Corp [TWST] rating to a Buy from a a Neutral in a research note published on January 17, 2024; the price target was increased to $45 from $25. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Scotiabank began covering TWST with “Sector outperform” recommendation on January 05, 2023. Evercore ISI revised its rating on January 03, 2023. It rated TWST as “an Outperform” which previously was an “an In-line”.

Price Performance Review of TWST

On Monday, Twist Bioscience Corp [NASDAQ:TWST] saw its stock jump 1.55% to $32.03. Over the last five days, the stock has gained 8.76%. Twist Bioscience Corp shares have fallen nearly -13.10% since the year began. Nevertheless, the stocks have risen 158.72% over the past one year. While a 52-week high of $43.21 was reached on 02/15/24, a 52-week low of $11.46 was recorded on 04/19/24. SMA at 50 days reached $34.53, while 200 days put it at $27.66. A total of 0.75 million shares were traded, compared to the trading of 1.4 million shares in the previous session.

Levels Of Support And Resistance For TWST Stock

The 24-hour chart illustrates a support level at 31.37, which if violated will result in even more drops to 30.72. On the upside, there is a resistance level at 32.81. A further resistance level may holdings at 33.60. The Relative Strength Index (RSI) on the 14-day chart is 50.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.94%. Stochastics %K at 67.85% indicates the stock is a holding.

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