Artisan Partners Raises Its TWST Stake to 10.4%

The most significant insider buy on today's list comes via a 13G filing by Artisan Partners Limited Partnership.

The investment management firm revealed an increase in its ownership stake in Twist Bioscience Corporation $TWST from 6.40% to 10.40%.

Here’s The Hot Corner, with data through July 9, 2024:

Director Lawrence Cheng announced the purchase of 4,140 shares of GameStop Corp $GME, worth $102,879 in total.

Cevian Capital filed a 13D for Smith & Nephew plc $SNN revealing an initial stake of 5.11%.

TWST has been in the base-building process for the past two years as buyers try to take control and force an upside resolution from this rounding bottom pattern.

Price is currently pressing against the upper bounds of this base.

We want to be patient and wait for a decisive breakout above 55 to confirm a valid reversal in the trend.

Stay tuned. We'll be back on Thursday with more insider activity.

And please reach out with any questions. We love hearing from you!