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Checking in on Twist Bioscience Corp (TWST) after recent insiders movement

In a filing, Twist Bioscience Corp revealed its SVP of Human Resources Green Paula unloaded Company’s shares for reported $0.14 million on Oct 02 ’24. In the deal valued at $43.21 per share,3,310 shares were sold. As a result of this transaction, Green Paula now holds 84,585 shares worth roughly $3.57 million.

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Then, Leproust Emily M. sold 13,605 shares, generating $587,886 in total proceeds. Upon selling the shares at $43.21, the Chief Executive Officer now owns 481,918 shares.

Before that, Finn Patrick John sold 6,865 shares. Twist Bioscience Corp shares valued at $296,644 were divested by the President and COO at a price of $43.21 per share. As a result of the transaction, Finn Patrick John now holds 161,744 shares, worth roughly $6.82 million.

Guggenheim initiated its Twist Bioscience Corp [TWST] rating to a Buy in a research note published on June 04, 2024; the price target was $53. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Berenberg began covering TWST with “Buy” recommendation on September 27, 2023. Scotiabank started covering the stock on January 05, 2023. It rated TWST as “a Sector outperform”.

Price Performance Review of TWST

On Monday, Twist Bioscience Corp [NASDAQ:TWST] saw its stock fall -2.75% to $42.15. Over the last five days, the stock has lost -6.71%. Twist Bioscience Corp shares have risen nearly 14.35% since the year began. Nevertheless, the stocks have risen 124.56% over the past one year. While a 52-week high of $60.90 was reached on 07/26/24, a 52-week low of $14.42 was recorded on 04/19/24. SMA at 50 days reached $44.92, while 200 days put it at $41.45.

Levels Of Support And Resistance For TWST Stock

The 24-hour chart illustrates a support level at 41.72, which if violated will result in even more drops to 41.28. On the upside, there is a resistance level at 42.83. A further resistance level may holdings at 43.50. The Relative Strength Index (RSI) on the 14-day chart is 42.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.05%. Stochastics %K at 12.69% indicates the stock is a buying.

How much short interest is there in Twist Bioscience Corp?

A steep rise in short interest was recorded in Twist Bioscience Corp stocks on 2024-09-13, dropping by -0.27 million shares to a total of 8.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.21 million shares. There was a decline of -2.99%, which implies that there is a negative sentiment for the stock.

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