Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TWFG Inc shares valued at $31,854 were purchased by Benes Julie E. on Nov 26 ’24. At $33.53 per share, Benes Julie E. acquired 950 shares. The insider’s holdings grew to 49,008 shares worth approximately $1.48 million following the completion of this transaction.
Also, Bunch Richard F. III purchased 185,426 shares, netting a total of over 3,152,242 in proceeds. Following the buying of shares at $17.00 each, the insider now holds 678,375 shares.
Before that, Bunch Richard F. III had added 17,550 shares to its account. In a trade valued at $298,350, the President and CEO bought TWFG Inc shares for $17.00 each. Upon closing the transaction, the insider’s holdings increased to 17,550 shares, worth approximately $20.99 million.
As published in their initiating research note from William Blair on August 21, 2024, TWFG Inc [TWFG] has been an Outperform. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of August 12, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for TWFG. Earlier on August 12, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for TWFG stock.
Analyzing TWFG Stock Performance
During the last five days, there has been a drop of approximately -14.59%. Over the course of the year, TWFG Inc shares have jumped approximately 37.03%. Nevertheless, trading volume fell to 0.74 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for TWFG Inc (TWFG)
According to the 24-hour chart, there is a support level at 29.04, which, if violated, would cause prices to drop to 27.92. In the upper region, resistance lies at 31.36. The next price resistance is at 32.56. RSI (Relative Strength Index) is 37.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.62, which suggests the price will decrease in the coming days. Percent R is at 85.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
