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Northland Capital downgrades Twilio Inc (TWLO) rating to a Market perform

Twilio Inc’s recently made public that its Chief Financial Officer Viggiano Aidan unloaded Company’s shares for reported $0.21 million on Apr 04 ’24. In the deal valued at $60.79 per share,3,375 shares were sold. As a result of this transaction, Viggiano Aidan now holds 231,036 shares worth roughly $14.38 million.

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Then, Wagner Dana sold 841 shares, generating $51,664 in total proceeds. Upon selling the shares at $61.43, the Chief Legal Officer, Secretary now owns 166,773 shares.

Before that, Shipchandler Khozema sold 10,961 shares. Twilio Inc shares valued at $681,058 were divested by the Chief Executive Officer at a price of $62.13 per share. As a result of the transaction, Shipchandler Khozema now holds 335,982 shares, worth roughly $20.91 million.

Northland Capital downgraded its Twilio Inc [TWLO] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid February from “a Hold” to “a Reduce”. Piper Sandler also remained covering TWLO and has increased its forecast on January 12, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Needham maintained its rating on December 13, 2023. It rated TWLO as “a Buy”.

Price Performance Review of TWLO

On Monday, Twilio Inc [NYSE:TWLO] saw its stock jump 3.56% to $62.24. Over the last five days, the stock has lost -1.69%. Twilio Inc shares have fallen nearly -17.96% since the year began. Nevertheless, the stocks have risen 31.09% over the past one year. While a 52-week high of $78.16 was reached on 01/22/24, a 52-week low of $45.02 was recorded on 02/21/24. SMA at 50 days reached $60.71, while 200 days put it at $62.98. A total of 3.07 million shares were traded, compared to the trading of 2.69 million shares in the previous session.

Levels Of Support And Resistance For TWLO Stock

The 24-hour chart illustrates a support level at 60.81, which if violated will result in even more drops to 59.37. On the upside, there is a resistance level at 62.98. A further resistance level may holdings at 63.71. The Relative Strength Index (RSI) on the 14-day chart is 54.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.33%. Stochastics %K at 46.77% indicates the stock is a holding.

The most recent change occurred on September 15, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $67 price target.

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