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. Twilio Inc shares valued at $35,974 were sold by Wagner Dana on Aug 21 ’24. At $60.87 per share, Wagner Dana sold 591 shares. The insider’s holdings dropped to 156,737 shares worth approximately $9.82 million following the completion of this transaction.
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Also, Viggiano Aidan sold 1,931 shares, netting a total of over 119,090 in proceeds. Following the sale of shares at $61.67 each, the insider now holds 184,570 shares.
Before that, Wagner Dana had added 591 shares to its account. In a trade valued at $35,974, the Officer bought Twilio Inc shares for $60.87 each.
As published in their initiating research note from Tigress Financial on June 28, 2024, Twilio Inc [TWLO] has been a Buy and the price target has been revised to $75. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid June. As of February 15, 2024, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for TWLO. Earlier on February 14, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Reduce” for TWLO stock which previously was a “a Hold”.
Analyzing TWLO Stock Performance
During the last five days, there has been a surge of approximately 5.88%. Over the course of the year, Twilio Inc shares have dropped approximately -17.45%. Shares of the company reached a 52-week high of $76.03 on 01/22/24 and a 52-week low of $52.51 on 06/20/24. A 50-day SMA is recorded $59.72, while a 200-day SMA reached $62.59. Nevertheless, trading volume fell to 2.26 million shares from 1.76 million shares the previous day.
Support And Resistance Levels for Twilio Inc (TWLO)
According to the 24-hour chart, there is a support level at 61.75, which, if violated, would cause prices to drop to 60.87. In the upper region, resistance lies at 63.17. The next price resistance is at 63.71. RSI (Relative Strength Index) is 59.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.97, which suggests the price will decrease in the coming days. Percent R is at 22.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
