Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Twist Bioscience Corp shares valued at $4,364 were sold by Cho Dennis on Sep 16 ’24. At $46.42 per share, Cho Dennis sold 94 shares. The insider’s holdings dropped to 78,627 shares worth approximately $3.77 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Cho Dennis purchased 94 shares, netting a total of over 4,364 in proceeds.
Before that, Cho Dennis had sold 275 shares from its account. In a trade valued at $10,769, the insider traded Twist Bioscience Corp shares for $39.16 each. Upon closing the transaction, the insider’s holdings decreased to 275 shares, worth approximately $3.78 million.
As published in their initiating research note from Guggenheim on June 04, 2024, Twist Bioscience Corp [TWST] has been a Buy and the price target has been revised to $53. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of September 27, 2023, Berenberg has initiated its “Buy” rating for TWST. Earlier on January 05, 2023, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for TWST stock.
Analyzing TWST Stock Performance
During the last five days, there has been a surge of approximately 7.67%. Over the course of the year, Twist Bioscience Corp shares have jumped approximately 30.20%. Shares of the company reached a 52-week high of $60.90 on 07/26/24 and a 52-week low of $27.41 on 04/19/24. A 50-day SMA is recorded $47.59, while a 200-day SMA reached $40.57. Nevertheless, trading volume fell to 0.53 million shares from 0.7 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 47.29, which, if violated, would cause prices to drop to 46.58. In the upper region, resistance lies at 49.05. The next price resistance is at 50.10. RSI (Relative Strength Index) is 58.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.45, which suggests the price will increase in the coming days. Percent R is at 12.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
