In a filing, Disc Medicine Inc revealed its Director White William Richard acquired Company’s shares for reported $0.34 million on Nov 04 ’24. In the deal valued at $47.13 per share,7,136 shares were bought.
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Then, White William Richard bought 2,158 shares, generating $96,722 in total proceeds.
Before that, White William Richard sold 201 shares. Disc Medicine Inc shares valued at $10,312 were divested by the Director at a price of $51.31 per share. As a result of the transaction, White William Richard now holds 0 shares, worth roughly $0.0.
Raymond James upgraded its Disc Medicine Inc [IRON] rating to a Strong buy from a an Outperform in a research note published on November 04, 2024; the price target was increased to $110 from $66. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Scotiabank began covering IRON with “Sector outperform” recommendation on October 16, 2024. Wells Fargo started covering the stock on August 22, 2024. It rated IRON as “an Overweight”.
Price Performance Review of IRON
On Monday, Disc Medicine Inc [NASDAQ:IRON] saw its stock jump 23.59% to $58.25. Over the last five days, the stock has gained 26.11%. Disc Medicine Inc shares have risen nearly 0.85% since the year began. Nevertheless, the stocks have risen 26.91% 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 $48.73, while 200 days put it at $47.54.
Levels Of Support And Resistance For IRON Stock
The 24-hour chart illustrates a support level at 54.93, which if violated will result in even more drops to 51.60. On the upside, there is a resistance level at 61.92. A further resistance level may holdings at 65.58. The Relative Strength Index (RSI) on the 14-day chart is 72.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.98%. Stochastics %K at 35.48% 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 2024-10-15, growing by 73006.0 shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.4 million shares. There was a rise of 4.94%, which implies that there is a positive sentiment for the stock.
