Twitter shares retreat a fourth straight session on Thursday, company’s co-founder sells a minority of his shares

Twitters stock retreated almost 1% during yesterdays trade, following news in the media that co-founder Ev Williams is selling a minor portion of his shares in the company.

Twitter shares closed lower for a fourth consecutive trading session on Thursday. The stock went down 0.96% ($0.14) to $14.39, after touching an intraday low at $14.30, or a price level not seen since June 10th 2016 ($14.00). In the week ended on April 2nd the shares of the social media company lost 1.25% of their market value compared to a week ago, which marked the fifth drop in the past six weeks and also the worst performance since the week ended on March 12th. The stock has extended its slump to 3.75% so far during the current month, following a 5.20% drop in March. The latter has been a second consecutive month of losses. For the entire past year, Twitter shares plummeted 29.56%.

“It actually pains me to be selling at this point, but this sale is all about personal context, not company context”, Williams wrote in a blog post to company shareholders and employees, cited by Reuters.

At the same time, he noted that Twitter shares would still comprise a major part of his assets in the near future.

In the fourth quarter, the social media company reported the slowest revenue growth since it became publicly traded in November 2013.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Twitter stock are presented as follows:

R1 – $14.42
R2 – $14.45
R3 (Range Resistance – Sell) – $14.48
R4 (Long Breakout) – $14.57
R5 (Breakout Target 1) – $14.67
R6 (Breakout Target 2) – $14.71

S1 – $14.36
S2 – $14.33
S3 (Range Support – Buy) – $14.30
S4 (Short Breakout) – $14.21
S5 (Breakout Target 1) – $14.11
S6 (Breakout Target 2) – $14.07

By using the traditional method of calculation, the weekly levels of importance for Twitter Inc (TWTR) are presented as follows:

Central Pivot Point – $14.94
R1 – $15.18
R2 – $15.41
R3 – $15.65
R4 – $15.89

S1 – $14.71
S2 – $14.47
S3 – $14.24
S4 – $14.01