【U.S. Stock Market Movement】Twist Bioscience tumbles on October 30: Tech stocks sell-off, high valuations, and profit-taking

Twist Bioscience October 30th Significant Drop Analysis

Keywords: tech stock sell-off, high valuation, profit taking

1. After the US stock market opened on October 30th, the Nasdaq index fell by 2.21%. Amazon dropped 5.6% due to lower-than-expected Q4 revenue guidance. Tech stocks and high-valuation growth stocks were sold off, with TWST falling 7.18% during trading.

2. On October 28th, TWST closed at $173.45, up 17.38% over the past 5 days and up 417.78% year-to-date. The forward price-to-sales ratio that day was about 21x, higher than the 1-year average of 9.6x, indicating high pressure from valuation digestion and profit taking.

3. On October 28th, a large options order showed that a trader sold short 1,000 call options with a $240 strike price expiring on January 15, 2027, netting $1.15 million. The trading view is bearish or expects sideways movement.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)