Disc Medicine Inc’s recently made public that its Director White William Richard unloaded Company’s shares for reported $97158.0 on Sep 03 ’24. In the deal valued at $49.65 per share,1,957 shares were sold. As a result of this transaction, White William Richard now holds 0 shares worth roughly $0.0.
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Then, Savage William Jacob sold 1,500 shares, generating $75,885 in total proceeds. Upon selling the shares at $50.59, the Chief Medical Officer now owns 41,905 shares.
Before that, WILLIAM SAVAGE bought 1,500 shares. Disc Medicine Inc shares valued at $76,230 were divested by the Officer at a price of $50.82 per share.
Wells Fargo initiated its Disc Medicine Inc [IRON] rating to an Overweight in a research note published on August 22, 2024; the price target was $75. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early April from “a Strong buy” to “an Outperform”. Morgan Stanley also remained covering IRON and has decreased its forecast on December 19, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on June 09, 2023. It rated IRON as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of IRON
On Tuesday, Disc Medicine Inc [NASDAQ:IRON] saw its stock fall -4.25% to $49.54. Over the last five days, the stock has lost -0.14%. Disc Medicine Inc shares have fallen nearly -14.23% since the year began. Nevertheless, the stocks have fallen -3.64% over the past one year. While a 52-week high of $77.60 was reached on 03/04/24, a 52-week low of $25.60 was recorded on 04/01/24. SMA at 50 days reached $46.63, while 200 days put it at $49.57.
Levels Of Support And Resistance For IRON Stock
The 24-hour chart illustrates a support level at 48.66, which if violated will result in even more drops to 47.78. On the upside, there is a resistance level at 51.12. A further resistance level may holdings at 52.70. The Relative Strength Index (RSI) on the 14-day chart is 55.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.15%. Stochastics %K at 57.87% indicates the stock is a holding.
How much short interest is there in Disc Medicine Inc?
A steep rise in short interest was recorded in Disc Medicine Inc stocks on 2024-08-15, dropping by -0.29 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.64 million shares. There was a decline of -21.18%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 07, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $55 price target.
