Twitter, Inc. (NYSE:TWTR) Jack Dorsey May Be Replaced After Investor Takes Big Stake, Vows Changes

Twitter, Inc. (NYSE:TWTR) Jack Dorsey May Be Replaced After Investor Takes Big Stake, Vows Changes

Twitter, Inc. (NYSE:TWTR) Jack Dorsey May Be Replaced After Investor Takes Big Stake, Vows Changes

Elliott Management Corp. has taken a big stake in Twitter Inc. and will push for changes at the social media company, including replacing Chief Executive Officer Jack Dorsey, according to a Bloomberg News report.

The firm has nominated four directors for Twitter’s board, with three seats becoming available at this year’s annual Twitter company meeting. Elliott reportedly has had talks with Twitter’s top executives about proposed changes.

Representatives for Elliott and Twitter declined to comment to Bloomberg.

Twitter has long been a target for activist investors. Co-founder Dorsey doesn’t have voting control of the company like Facebook Inc.’s Mark Zuckerberg, because of only one class of stock. The company’s governance has been criticized for a while, as Dorsey is also CEO of Square Inc. The company’s stock has been largely flat while other social media outlets have soared.

Technical Indicators

Overall, the bias in prices is: Downwards.

The projected upper bound is: 36.23.

The projected lower bound is: 30.26.

The projected closing price is: 33.24.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 15.2339. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 4 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.92. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 14 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -174.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.

Rex Takasugi – TD Profile

TWITTER INC closed up 0.190 at 33.200. Volume was 123% above average (neutral) and Bollinger Bands were 31% wider than normal.

Open     High      Low     Close     Volume___
32.030 33.200 31.510 33.200 8,452,685
Technical Outlook 
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 36.30 34.00 36.35
Volatility: 53 54 52
Volume: 4,681,040 3,936,743 3,123,916

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TWITTER INC is currently 8.7% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of TWTR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TWTR.N and have had this outlook for the last 0 periods.

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