TW Stock Summary and Trading Ideas (Tradeweb Markets - Class A | NASDAQ:TW)

Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in U.S. and European government debt, mortgage-backed securities, interest-rate swaps, and U.S. and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv's Eikon service.

Tradeweb Markets - Class A trades on the NASDAQ stock market under the symbol TW.

As of April 17, 2024, TW stock price declined to $100.31 with 552,352 million shares trading.

TW has a beta of 0.35, meaning it tends to be less sensitive to market movements. TW has a correlation of 0.03 to the broad based SPY ETF.

TW has a market cap of $21.33 billion. This is considered a Large Cap stock.

Last quarter Tradeweb Markets - Class A reported $370 million in Revenue and $.64 earnings per share. This beat revenue expectation by $2 million and met earnings estimates .

In the last 3 years, TW stock traded as high as $108.04 and as low as $51.47.

The top ETF exchange traded funds that TW belongs to (by Net Assets): VTI, VO, VXF, VUG, VOT.

TW has outperformed the market in the last year with a price return of +40.3% while the SPY ETF gained +22.5%. However, in the short term, TW had mixed performance relative to the market. It has underperformed in the last 3 months, returning +5.4% vs +6.3% return in SPY. But in the last 2 weeks, TW shares have fared better than the market returning 0.0% compared to SPY -3.6%.

TW support price is $99.06 and resistance is $102.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TW stock will trade within this expected range on the day.