Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dyne Therapeutics Inc shares valued at $761,307 were sold by Kersten Dirk on Oct 02 ’24. At $35.38 per share, Kersten Dirk sold 21,518 shares. The insider’s holdings dropped to 128,764 shares worth approximately $4.19 million following the completion of this transaction.
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Also, Kersten Dirk sold 8,423 shares, netting a total of over 296,153 in proceeds. Following the sale of shares at $35.16 each, the insider now holds 150,282 shares.
Before that, Kersten Dirk had sold 30,942 shares from its account. In a trade valued at $1,098,577, the Director traded Dyne Therapeutics Inc shares for $35.50 each. Upon closing the transaction, the insider’s holdings decreased to 30,942 shares, worth approximately $5.17 million.
As published in a research note from Chardan Capital Markets on May 21, 2024, Dyne Therapeutics Inc [DYN] has been retained to a Buy and the price target has been revised to $42. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in late April. As of February 20, 2024, H.C. Wainwright has initiated its “Buy” rating for DYN. Earlier on February 27, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for DYN stock which previously was a “an Outperform”.
Analyzing DYN Stock Performance
During the last five days, there has been a drop of approximately -2.95%. Over the course of the year, Dyne Therapeutics Inc shares have jumped approximately 144.81%. Shares of the company reached a 52-week high of $47.45 on 08/20/24 and a 52-week low of $12.33 on 01/03/24. A 50-day SMA is recorded $38.44, while a 200-day SMA reached $30.38. Nevertheless, trading volume fell to 0.7 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Dyne Therapeutics Inc (DYN)
According to the 24-hour chart, there is a support level at 31.67, which, if violated, would cause prices to drop to 30.79. In the upper region, resistance lies at 33.01. The next price resistance is at 33.47. RSI (Relative Strength Index) is 41.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.22, which suggests the price will decrease in the coming days. Percent R is at 76.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
