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A Guide To The Risks Of Investing In Thoughtworks Holding Inc (TWKS)

Thoughtworks Holding Inc’s filing revealed that its insider Parke Joanna unloaded Company’s shares for reported $80025.0 on Dec 27 ’23. In the deal valued at $5.00 per share,16,005 shares were sold. As a result of this transaction, Parke Joanna now holds 425,522 shares worth roughly $1.9 million.

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Goldman initiated its Thoughtworks Holding Inc [TWKS] rating to a Sell in a research note published on June 24, 2024; the price target was $2.50. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Mkt perform”. Robert W. Baird also remained covering TWKS and has increased its forecast on January 02, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on October 17, 2023. It rated TWKS as “a Peer perform” which previously was an “an Outperform”.

Price Performance Review of TWKS

On Tuesday, Thoughtworks Holding Inc [NASDAQ:TWKS] saw its stock fall -0.45% to $4.47. Over the last five days, the stock has lost -0.22%. Thoughtworks Holding Inc shares have fallen nearly -7.07% since the year began. Nevertheless, the stocks have risen 17.63% over the past one year. While a 52-week high of $5.20 was reached on 01/24/24, a 52-week low of $2.19 was recorded on 04/15/24. SMA at 50 days reached $4.42, while 200 days put it at $3.49.

Levels Of Support And Resistance For TWKS Stock

The 24-hour chart illustrates a support level at 4.43, which if violated will result in even more drops to 4.39. On the upside, there is a resistance level at 4.52. A further resistance level may holdings at 4.57. The Relative Strength Index (RSI) on the 14-day chart is 57.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.55%. Stochastics %K at 67.00% indicates the stock is a holding.

How much short interest is there in Thoughtworks Holding Inc?

A steep rise in short interest was recorded in Thoughtworks Holding Inc stocks on 2024-10-15, growing by 5.21 million shares to a total of 8.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.49 million shares. There was a rise of 59.88%, which implies that there is a positive sentiment for the stock.

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