Large Inflow of Money Detected in Twitter

Twitter (TWTR) : Tuesdays 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 $34.56 million, whereas, $27.65 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.25, in favor of the bulls. The total money flow into the stock was $6.91 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $4 million. The total value of block trades done on upticks was $5.88 million. The value of bearish trades on downticks was only $1.88 million.The up/down ratio in the block trades was a healthy 3.12 in favor of the bulls, suggesting strong buying in the stock by large traders. Twitter (TWTR) fell $0.09 and traded at $18.38, down -0.49% for the day, over previous days close. On a weekly basis, the shares are 0.44% over the previous weeks close.


Also, Equity Analysts at the Brokerage Firm, Evercore ISI Group, downgrades their rating on the shares of Twitter (NYSE:TWTR). Evercore ISI Group has a Sell rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $17 per share from a prior target of $18. The rating by the firm was issued on August 18, 2016.

Twitter, Inc. has dropped 1.66% in the last five trading days, however, the shares have posted positive gains of 10.46% in the last 4 weeks. Twitter, Inc. is up 22.37% in the last 3-month period. Year-to-Date the stock performance stands at -20.57%.

Twitter (NYSE:TWTR): The stock opened at $18.59 on Tuesday but the bulls could not build on the opening and the stock topped out at $18.69 for the day. The stock traded down to $18.32 during the day, due to lack of any buying support eventually closed down at $18.38 with a loss of -0.49% for the day. The stock had closed at $18.47 on the previous day. The total traded volume was 8,908,431 shares.

In a related news, Kaiden Robert, officer (Chief Accounting Officer) of Twitter, Inc., unloaded 13,231 shares at an average price of $17.87 on August 4, 2016. The total amount of the transaction was worth $236,438, according to the disclosed information 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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