Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Disc Medicine Inc shares valued at $9,253 were sold by White William Richard on Jul 01 ’24. At $46.04 per share, White William Richard sold 201 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Bitterman Kevin purchased 222,223 shares, netting a total of over 8,000,028 in proceeds. Following the buying of shares at $36.00 each, the insider now holds 420,549 shares.
Before that, Ashiya Mona had added 83,334 shares to its account. In a trade valued at $3,000,024, the Director bought Disc Medicine Inc shares for $36.00 each. Upon closing the transaction, the insider’s holdings increased to 83,334 shares, worth approximately $42.44 million.
As published in a research note from Raymond James on April 01, 2024, Disc Medicine Inc [IRON] has been rated down from a Strong buy to an Outperform and the price target has been revised to $40. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid December. As of June 09, 2023, Raymond James has increased its “an Outperform” rating to a “Strong buy” for IRON. Earlier on June 07, 2023, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for IRON stock.
Analyzing IRON Stock Performance
During the last five days, there has been a surge of approximately 3.82%. Over the course of the year, Disc Medicine Inc shares have dropped approximately -21.97%. Shares of the company reached a 52-week high of $77.60 on 03/04/24 and a 52-week low of $25.60 on 04/01/24. A 50-day SMA is recorded $35.63, while a 200-day SMA reached $49.71. Nevertheless, trading volume fell to 0.22 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Disc Medicine Inc (IRON)
According to the 24-hour chart, there is a support level at 42.90, which, if violated, would cause prices to drop to 41.37. In the upper region, resistance lies at 45.36. The next price resistance is at 46.29. RSI (Relative Strength Index) is 59.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 39.30%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
