Shares of Twitter (TWTR) Sees Large Outflow of Money

Twitter (TWTR) : The total money flow in Twitter (TWTR) was negative ($3.29 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $28.46 million. In comparison, the inflow of money into the stock on upticks was $25.17 million. The uptick to downtick ratio was 0.88. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $5.74 million. The value of transactions on uptick was $3.07 million. The negative money flow of ($2.66 million) confirms the selling in Twitter (TWTR) on strength. The uptick to downtick ratio of block trades was 0.54. Twitter (TWTR) gained $0.37 at $18.7, a gain of 2.02% over the previous days close. However, the stock registered 3.43% in the week.


Also, Major Brokerage house, Monness Crespi Hardt downgrades its ratings on Twitter (NYSE:TWTR). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 11, 2016.

Twitter (NYSE:TWTR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.52 and $18.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.56, notching a gain of 1.25% for the day. The total traded volume was 15,029,172 . The stock had closed at $18.33 on the previous day.

The stock has recorded a 20-day Moving Average of 7.42% and the 50-Day Moving Average is 17.55%. 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.

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