Shares of Twitter (TWTR) Sees Large Outflow of Money

Twitter (TWTR) : Money flow in the Twitter (TWTR) stock was negative (27.32 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $57.15 million, compared to $84.47 million on downticks. The total uptick to downtick ratio was 0.68, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($24.74 million), indicating selling on the strength. The transaction value during uptick in block trades was $15.8 million. Downtick transaction value in block trades amounted to $40.54 million, indicating persistent selling. The uptick to downtick ratio was 0.39. Twitter (TWTR) traded $0.22 higher at $17.96 gaining 1.24% over the previous days close.


The stock has recorded a 20-day Moving Average of 6.64% and the 50-Day Moving Average is 16.05%. Shares have dropped -51.77% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $38.82 and the one year low was seen on May 24, 2016. The 50-Day Moving Average price is $15.81 and the 200 Day Moving Average price is recorded at $16.77.

Twitter (NYSE:TWTR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.02 and $17.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.96, notching a gain of 1.24% for the day. The total traded volume was 19,585,345 . The stock had closed at $17.74 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Kaiden Robert, officer (Chief Accounting Officer) of Twitter, Inc., had unloaded 20,231 shares at an average price of $15.32 in a transaction dated on June 6, 2016. The total value of the transaction was worth $309,939.

Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users, advertisers, developers and platform and data partners. Products and services for users enables a way for people to create, distribute and discover content, which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products, which enable its advertisers to promote their brands, products and services, and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools, public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform, syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.

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