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TWST (Twist Bioscience Corp) may reap gains as insiders became active recently

In a filing, Twist Bioscience Corp revealed its Officer Leproust Emily M. acquired Company’s shares for reported $0.2 million on Nov 04 ’24. In the deal valued at $41.56 per share,4,841 shares were bought.

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Then, Green Paula bought 1,057 shares, generating $43,933 in total proceeds.

Before that, Cho Dennis bought 659 shares. Twist Bioscience Corp shares valued at $27,391 were divested by the Officer at a price of $41.56 per share.

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 jump 1.15% to $42.05. Over the last five days, the stock has lost -1.11%. Twist Bioscience Corp shares have risen nearly 14.08% since the year began. Nevertheless, the stocks have risen 142.92% over the past one year. While a 52-week high of $60.90 was reached on 07/26/24, a 52-week low of $15.79 was recorded on 04/19/24. SMA at 50 days reached $43.66, while 200 days put it at $42.21.

Levels Of Support And Resistance For TWST Stock

The 24-hour chart illustrates a support level at 40.83, which if violated will result in even more drops to 39.61. On the upside, there is a resistance level at 43.13. A further resistance level may holdings at 44.21. The Relative Strength Index (RSI) on the 14-day chart is 46.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.94%. Stochastics %K at 15.91% 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 2024-10-15, dropping by -0.11 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.94 million shares. There was a decline of -1.27%, which implies that there is a negative sentiment for the stock.

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