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The Potential Rise in the Price of Twist Bioscience Corp (TWST) following insiders activity

Twist Bioscience Corp’s recently made public that its Chief Financial Officer Laponis Adam unloaded Company’s shares for reported $35791.0 on Oct 09 ’24. In the deal valued at $41.81 per share,856 shares were sold. As a result of this transaction, Laponis Adam now holds 73,397 shares worth roughly $3.33 million.

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Then, Laponis Adam bought 856 shares, generating $35,791 in total proceeds.

Before that, Green Paula sold 3,310 shares. Twist Bioscience Corp shares valued at $143,028 were divested by the SVP of Human Resources at a price of $43.21 per share. As a result of the transaction, Green Paula now holds 84,585 shares, worth roughly $3.84 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 -3.37% to $45.35. Over the last five days, the stock has lost -2.77%. Twist Bioscience Corp shares have risen nearly 23.03% since the year began. Nevertheless, the stocks have risen 172.86% 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 $44.02, while 200 days put it at $41.88.

Levels Of Support And Resistance For TWST Stock

The 24-hour chart illustrates a support level at 44.17, which if violated will result in even more drops to 43.00. On the upside, there is a resistance level at 46.54. A further resistance level may holdings at 47.74. The Relative Strength Index (RSI) on the 14-day chart is 51.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.02%. Stochastics %K at 79.55% indicates the stock is a holding.

How much short interest is there in Twist Bioscience Corp?

A steep rise in short interest was recorded in Twist Bioscience Corp stocks on 2024-09-30, dropping by -0.68 million shares to a total of 8.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.38 million shares. There was a decline of -7.83%, which implies that there is a negative sentiment for the stock.

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