It is trading at $17.76 which is just over $16.76, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $16.94. The 50 day moving average went up $1.00 or +5.97% and the 200 day average went up by +4.84%. Trading volume for Twitter, Inc. was 6,983K by the end of trading on Wednesday. Volume was down 59.03% under the stocks average daily volume.
Investors are more bearish on Twitter, Inc. recently if you pay attention to the rise in short interest. The stock realized a rise in short interest from August 15, 2017 to August 31, 2017 of 4.99%. Short interest increased from 55,165,560 to 57,920,463 over that timeframe. Days to cover decreased 0.0 to 5.0 and the short interest percentage is 0.08% as of August 31.
There has been some selling insider activity on Twitter, Inc. (NYSE:TWTR) recently. Director Evan Clark Williams disclosed the sale of 546,200 shares. The shares sold for $18.18. The Director now owns $307,497 of the stock per the Form 4 SEC filing. CAO Robert Kaiden sold 3,695 shares at an average price of $16.78 on Wed the 6th. That brings the CAO’s holdings to $2,795,129 as reported to the SEC.
Robert Kaiden, CAO sold $63,962 worth of shares at an average price of $16.81 on Fri the 1st. That brings Kaiden’s holdings to $2,862,239 per an SEC filing yesterday.
The following firms have recently changed their position in TWTR. As of the end of the quarter Perigon Wealth Management, LLC had sold 16,114 shares trimming its stake by 51.6%. The value of the company’s investment in Twitter, Inc. decreased from $467,000 to $270,000 a change of $197,000 for the reporting period. As of quarter end Exane Derivatives had disposed of a total of 46,574 shares trimming its position 48.1%. The value of the investment in Twitter, Inc. went from $1,445,000 to $896,065,000 a change of 61,911.4% since the last quarter.
Next Financial Group, Inc expanded its position by buying 650 shares an increase of 6.3% in the quarter. Next Financial Group, Inc now holds 11,030 shares worth $197,000,000. The value of the position overall is up by 115,104.7%. Amerigo Asset Management cut its investment by selling 1,760,000 shares a decrease of 27.2% as of 06/30/2017. Amerigo Asset Management now controls 4,703,910 shares valued at $84,059,000. The total value of its holdings decreased 13.0%.
On August 25 the stock rating was downgraded from “Buy” to “Hold” by Jefferies. On August 16, 2017 SunTrust Robinson Humphrey starting coverage on TWTR by announcing an initial rating of “Hold”.
July 25 investment analysts at Bank of America made no change to the stock rating of “Underperform” but lowered the price target to $17.00 from $18.00. On July 13 the company was downgraded to “Hold” from “Reduce” in a report from Standpoint Research.
On July 13 the company was upgraded from “Negative” to “Mixed” by analysts at OTR Global.
As of the latest earnings report the EPS was $-0.63 and is projected to be $0.33 for the current year with 732,979,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.10 with next year’s EPS anticipated to be $0.35.
Twitter, Inc. (Twitter), launched on April 19, 2007, offers products and services for users, advertisers, developers and data partners. The Business’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends..