Keeping an Eye on Disc Medicine Opco Inc (IRON) After Insider Trading Activity


Disc Medicine Opco Inc’s recent filing unveils that its 10% Owner Atlas Venture Fund X, L.P. unloaded Company’s shares for reported $5.82 million on Aug 15. In the deal valued at $52.40 per share,111,069 shares were sold. As a result of this transaction, Atlas Venture Fund X, L.P. now holds 1,951,234 shares worth roughly $ 102.44 million.

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Then, Atlas Venture Fund X, L.P. sold 72,931 shares, generating $3,821,584 in total proceeds. Upon selling the shares at $52.40, the 10% Owner now owns 882,224 shares.

Before that, Bitterman Kevin sold 72,931 shares. Disc Medicine Opco Inc shares valued at $3,821,584 were divested by the Director at a price of $52.40 per share. As a result of the transaction, Bitterman Kevin now holds 882,224 shares, worth roughly $46.32 million.

Raymond James upgraded its Disc Medicine Opco Inc [IRON] rating to a Strong buy from a an Outperform in a research note published on Friday, June 09, 2023; the price target was increased to $75 from $50. PT values the company’s stock at a premium of 30.0 to its Friday closing price.

Price Performance Review of IRON

On Friday, Disc Medicine Opco Inc [NASDAQ:IRON] saw its stock fall -0.85% to $52.50. On the same session, the stock had its day’s lowest price of $52.22, but rose to a high of $54.3126. Over the last five days, the stock has lost -5.11%. Disc Medicine Opco Inc shares have risen nearly 163.95% since the year began. Nevertheless, the stocks have risen 238.71% over the past one year. While a 52-week high of $57.70 was reached on 06/22/23, a 52-week low of $11.80 was recorded on 01/04/23. SMA at 50 days reached $49.54, while 200 days put it at $31.41. A total of 0.11 million shares were traded, compared to the trading of 0.23 million shares in the previous session.

Levels Of Support And Resistance For IRON Stock

The 24-hour chart illustrates a support level at 51.71, which if violated will result in even more drops to 50.92. On the upside, there is a resistance level at 53.80. A further resistance level may holdings at 55.10. The Relative Strength Index (RSI) on the 14-day chart is 52.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.79%. Stochastics %K at 53.54% indicates the stock is a holding.

How much short interest is there in Disc Medicine Opco Inc?

A steep rise in short interest was recorded in Disc Medicine Opco Inc stocks on Aug 14, 2023, dropping by 85990.0 shares to a total of 0.54 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.62 million shares. There was a decline of -16.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.66% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.04.

Disc Medicine Opco Inc [IRON] – Who Are The Largest Shareholders?

In filings from Adage Capital Management LP, it is revealed that the company now owns 1,162,624 shares, or roughly 5.19% of the outstanding IRON shares. In other words, the investor’s shares have risen by 335,688 from its previous 13-F filing of 826936.0.. Over the last quarter, BofA Securities, Inc. purchased 553,910 shares of Disc Medicine Opco Inc, while The Vanguard Group, Inc. bought 223,462 shares. At present, Janus Henderson Investors US LLC is holding 500,379 shares valued at $24.82 million. BlackRock Fund Advisors owned 464,834 shares of the company at the time of its most recent 13F filing, worth $23.06 million.

According to FactSet, Disc Medicine Opco Inc’s share price will average $67.11 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.76 percent from its previous closing price of $52.95. Analysts expect Disc Medicine Opco Inc stock to reach the higher price of $79.00, while the lowest price estimate is $56.00. However, 9 analysts have rated IRON stock as a Buy in their predictions for 2023.


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