Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Twilio Inc shares valued at $315,842 were sold by Wagner Dana on Oct 07 ’24. At $70.00 per share, Wagner Dana sold 4,512 shares. The insider’s holdings dropped to 146,803 shares worth approximately $10.46 million following the completion of this transaction.
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Also, Wagner Dana sold 1,248 shares, netting a total of over 81,794 in proceeds. Following the sale of shares at $65.54 each, the insider now holds 151,315 shares.
Before that, Viggiano Aidan had sold 6,682 shares from its account. In a trade valued at $437,938, the Chief Financial Officer traded Twilio Inc shares for $65.54 each. Upon closing the transaction, the insider’s holdings decreased to 6,682 shares, worth approximately $12.2 million.
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 1.47%. Over the course of the year, Twilio Inc shares have dropped approximately -6.10%. 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 $64.04, while a 200-day SMA reached $61.93. Nevertheless, trading volume fell to 1.97 million shares from 1.83 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 70.53, which, if violated, would cause prices to drop to 69.83. In the upper region, resistance lies at 71.91. The next price resistance is at 72.59. RSI (Relative Strength Index) is 70.38 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.71, which suggests the price will decrease in the coming days. Percent R is at 14.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
