Twitter (TWTR) : Fridays money flow data in Twitter (TWTR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $62 million, whereas, $60.28 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.03, in favor of the bulls. The total money flow into the stock was $1.72 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.55 million. The total value of block trades done on upticks was $12.59 million. The value of bearish trades on downticks was only $11.04 million.The up/down ratio in the block trades was a healthy 1.14 in favor of the bulls, suggesting strong buying in the stock by large traders. Twitter (TWTR) fell $0.09 and traded at $18.31, down -0.46% for the day, over previous days close. On a weekly basis, the shares are 1.24% over the previous weeks close.
Twitter (TWTR) : 22 Wall Street analysts covering Twitter (TWTR) believe that the average level the stock could reach for the short term is $18.91. The maximum price target given is $32 and the minimum target for short term is around $10, hence the standard deviation is calculated at $5.19.
Twitter (NYSE:TWTR): On Fridays trading session , Opening price of the stock was $18.12 with an intraday high of $18.3893. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $17.76. However, the stock managed to close at $18.37, a loss of 0.11% for the day. On the previous day, the stock had closed at $18.39. The total traded volume of the day was 19,639,487 shares.
In a related news,The officer (Chief Accounting Officer) of Twitter, Inc., Kaiden Robert sold 20,231 shares at $15.32 on June 6, 2016. The Insider selling transaction had a total value worth of $309,939. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.