Ironwood Pharmaceuticals Inc’s recently made public that its SVP, Chief Business Officer Davis Andrew unloaded Company’s shares for reported $21869.0 on Nov 18 ’24. In the deal valued at $4.08 per share,5,360 shares were sold. As a result of this transaction, Davis Andrew now holds 284,685 shares worth roughly $1.0 million.
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Then, Emany Sravan Kumar sold 11,001 shares, generating $44,884 in total proceeds. Upon selling the shares at $4.08, the SVP, COO and CFO now owns 309,572 shares.
Before that, Davis Andrew bought 6,090 shares. Ironwood Pharmaceuticals Inc shares valued at $25,030 were divested by the Officer at a price of $4.11 per share.
Leerink Partners initiated its Ironwood Pharmaceuticals Inc [IRWD] rating to a Market perform in a research note published on September 09, 2024; the price target was $5. A number of analysts have revised their coverage, including CapitalOne’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Equal weight”. Craig Hallum began covering IRWD with “Buy” recommendation on January 17, 2024. Wells Fargo started covering the stock on December 14, 2023. It rated IRWD as “an Overweight”.
Price Performance Review of IRWD
On Tuesday, Ironwood Pharmaceuticals Inc [NASDAQ:IRWD] saw its stock jump 2.32% to $3.53. Over the last five days, the stock has lost -5.11%. Ironwood Pharmaceuticals Inc shares have fallen nearly -69.14% since the year began. Nevertheless, the stocks have fallen -68.28% over the past one year. While a 52-week high of $15.70 was reached on 02/14/24, a 52-week low of $3.06 was recorded on 12/06/24. SMA at 50 days reached $4.00, while 200 days put it at $5.84.
Levels Of Support And Resistance For IRWD Stock
The 24-hour chart illustrates a support level at 3.39, which if violated will result in even more drops to 3.25. On the upside, there is a resistance level at 3.66. A further resistance level may holdings at 3.78. The Relative Strength Index (RSI) on the 14-day chart is 44.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.53%. Stochastics %K at 44.78% indicates the stock is a holding.
How much short interest is there in Ironwood Pharmaceuticals Inc?
A steep rise in short interest was recorded in Ironwood Pharmaceuticals Inc stocks on 2024-11-29, growing by 0.26 million shares to a total of 11.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 10.96 million shares. There was a rise of 2.34%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 09, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $21 price target.
