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 $10,312 were sold by White William Richard on Oct 01 ’24. At $51.31 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, Savage William Jacob sold 1,500 shares, netting a total of over 71,115 in proceeds. Following the sale of shares at $47.41 each, the insider now holds 40,405 shares.
Before that, WILLIAM SAVAGE had added 1,500 shares to its account. In a trade valued at $71,685, the Officer bought Disc Medicine Inc shares for $47.79 each.
As published in their initiating research note from Scotiabank on October 16, 2024, Disc Medicine Inc [IRON] has been a Sector outperform. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of April 01, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for IRON. Earlier on December 19, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for IRON stock which previously was a “an Overweight”.
Analyzing IRON Stock Performance
During the last five days, there has been a surge of approximately 2.61%. Over the course of the year, Disc Medicine Inc shares have dropped approximately -16.91%. 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 $48.27, while a 200-day SMA reached $48.43. Nevertheless, trading volume fell to 0.56 million shares from 0.25 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 47.15, which, if violated, would cause prices to drop to 46.32. In the upper region, resistance lies at 48.89. The next price resistance is at 49.80. RSI (Relative Strength Index) is 48.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 71.42%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
