Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ironwood Pharmaceuticals Inc shares valued at $42,316 were sold by John Minardo on Aug 12 ’24. At $4.27 per share, John Minardo sold 9,910 shares. The insider’s holdings dropped to 284,661 shares worth approximately $1.35 million following the completion of this transaction.
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Also, Silver Ronald sold 3,107 shares, netting a total of over 13,267 in proceeds. Following the sale of shares at $4.27 each, the insider now holds 158,370 shares.
Before that, John Minardo had added 11,726 shares to its account. In a trade valued at $47,490, the Officer bought Ironwood Pharmaceuticals Inc shares for $4.05 each.
As published in a research note from CapitalOne on August 08, 2024, Ironwood Pharmaceuticals Inc [IRWD] has been rated down from an Overweight to an Equal weight and the price target has been revised to $4 from $12. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of December 14, 2023, Wells Fargo has initiated its “an Overweight” rating for IRWD. Earlier on November 09, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for IRWD stock.
Analyzing IRWD Stock Performance
During the last five days, there has been a drop of approximately -5.00%. Over the course of the year, Ironwood Pharmaceuticals Inc shares have dropped approximately -58.48%. Shares of the company reached a 52-week high of $15.70 on 02/14/24 and a 52-week low of $3.79 on 08/08/24. A 50-day SMA is recorded $5.91, while a 200-day SMA reached $8.93. Nevertheless, trading volume fell to 1.68 million shares from 1.15 million shares the previous day.
Support And Resistance Levels for Ironwood Pharmaceuticals Inc (IRWD)
According to the 24-hour chart, there is a support level at 4.65, which, if violated, would cause prices to drop to 4.55. In the upper region, resistance lies at 4.89. The next price resistance is at 5.04. RSI (Relative Strength Index) is 40.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 33.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
