Dyne Therapeutics Inc’s filing revealed that its Director Kersten Dirk unloaded Company’s shares for reported $0.38 million on Nov 13 ’24. In the deal valued at $35.24 per share,10,803 shares were sold. As a result of this transaction, Kersten Dirk now holds 62,301 shares worth roughly $1.77 million.
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Then, Kersten Dirk sold 8,929 shares, generating $293,050 in total proceeds. Upon selling the shares at $32.82, the Director now owns 5,786,435 shares.
Before that, ForDyne B.V. bought 1,500,000 shares. Dyne Therapeutics Inc shares valued at $49,250,000 were divested by the Affiliate at a price of $32.83 per share.
JP Morgan downgraded its Dyne Therapeutics Inc [DYN] rating to a Neutral from a an Overweight in a research note published on October 24, 2024; the price target was decreased to $35 from $43. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Buy”‘ rating for it. Morgan Stanley began covering DYN with “an Overweight” recommendation on April 30, 2024. H.C. Wainwright started covering the stock on February 20, 2024. It rated DYN as “a Buy”.
Price Performance Review of DYN
On Friday, Dyne Therapeutics Inc [NASDAQ:DYN] saw its stock fall -6.33% to $28.39. Over the last five days, the stock has lost -0.32%. Dyne Therapeutics Inc shares have risen nearly 113.46% since the year began. Nevertheless, the stocks have risen 160.94% over the past one year. While a 52-week high of $47.45 was reached on 08/20/24, a 52-week low of $9.76 was recorded on 01/03/24. SMA at 50 days reached $32.48, while 200 days put it at $32.20.
Levels Of Support And Resistance For DYN Stock
The 24-hour chart illustrates a support level at 27.25, which if violated will result in even more drops to 26.12. On the upside, there is a resistance level at 30.07. A further resistance level may holdings at 31.76. The Relative Strength Index (RSI) on the 14-day chart is 42.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 90.87%. Stochastics %K at 40.96% indicates the stock is a holding.
How much short interest is there in Dyne Therapeutics Inc?
A steep rise in short interest was recorded in Dyne Therapeutics Inc stocks on 2024-10-31, growing by 1.06 million shares to a total of 9.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.88 million shares. There was a rise of 10.7%, which implies that there is a positive sentiment for the stock.
