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Keeping an Eye on Twilio Inc (TWLO) After Insider Trading Activity

Twilio Inc’s filing revealed that its Chief Financial Officer Viggiano Aidan unloaded Company’s shares for reported $1.55 million on Jun 10 ’24. In the deal valued at $57.43 per share,26,918 shares were sold. As a result of this transaction, Viggiano Aidan now holds 201,845 shares worth roughly $11.55 million.

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Then, Shipchandler Khozema sold 24,657 shares, generating $1,405,449 in total proceeds. Upon selling the shares at $57.00, the Chief Executive Officer now owns 311,325 shares.

Before that, Viggiano Aidan sold 956 shares. Twilio Inc shares valued at $58,976 were divested by the Chief Financial Officer at a price of $61.69 per share. As a result of the transaction, Viggiano Aidan now holds 228,506 shares, worth roughly $13.08 million.

Tigress Financial initiated its Twilio Inc [TWLO] rating to a Buy in a research note published on June 28, 2024; the price target was $75. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid June from “an Overweight” to “an Equal-weight”. Northland Capital also remained covering TWLO and has decreased its forecast on February 15, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. HSBC Securities revised its rating on February 14, 2024. It rated TWLO as “a Reduce” which previously was an “a Hold”.

Price Performance Review of TWLO

On Tuesday, Twilio Inc [NYSE:TWLO] saw its stock jump 0.83% to $57.22. Over the last five days, the stock has gained 3.21%. Twilio Inc shares have fallen nearly -24.58% since the year began. Nevertheless, the stocks have fallen -10.06% over the past one year. While a 52-week high of $78.16 was reached on 01/22/24, a 52-week low of $49.86 was recorded on 06/20/24. SMA at 50 days reached $58.53, while 200 days put it at $62.14. A total of 1.42 million shares were traded, compared to the trading of 1.75 million shares in the previous session.

Levels Of Support And Resistance For TWLO Stock

The 24-hour chart illustrates a support level at 56.49, which if violated will result in even more drops to 55.76. On the upside, there is a resistance level at 57.87. A further resistance level may holdings at 58.52. The Relative Strength Index (RSI) on the 14-day chart is 53.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.03%. Stochastics%K at 74.99% indicates the stock is a holding.

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