Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Twist Bioscience Corp shares valued at $170,139 were sold by CHESS ROBERT on Nov 11 ’24. At $47.26 per share, CHESS ROBERT sold 3,600 shares. The insider’s holdings dropped to 21,641 shares worth approximately $0.89 million following the completion of this transaction.
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Also, Cho Dennis sold 1,507 shares, netting a total of over 72,333 in proceeds. Following the sale of shares at $48.00 each, the insider now holds 91,163 shares.
Before that, Finn Patrick John had sold 10,340 shares from its account. In a trade valued at $496,299, the President and COO traded Twist Bioscience Corp shares for $48.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,340 shares, worth approximately $9.09 million.
As published in their initiating research note from Guggenheim on June 04, 2024, Twist Bioscience Corp [TWST] has been a Buy and the price target has been revised to $53. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of September 27, 2023, Berenberg has initiated its “Buy” rating for TWST. Earlier on January 05, 2023, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for TWST stock.
Analyzing TWST Stock Performance
During the last five days, there has been a drop of approximately -3.25%. Over the course of the year, Twist Bioscience Corp shares have jumped approximately 11.53%. Shares of the company reached a 52-week high of $60.90 on 07/26/24 and a 52-week low of $27.41 on 04/19/24. A 50-day SMA is recorded $43.93, while a 200-day SMA reached $42.73. Nevertheless, trading volume fell to 0.76 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Twist Bioscience Corp (TWST)
According to the 24-hour chart, there is a support level at 40.32, which, if violated, would cause prices to drop to 39.54. In the upper region, resistance lies at 41.79. The next price resistance is at 42.48. RSI (Relative Strength Index) is 45.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.42, which suggests the price will decrease in the coming days. Percent R is at 63.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
