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Verastem Inc’s latest rating changes from various analysts

Verastem Inc’s recent filing unveils that its Chief Financial Officer Calkins Daniel unloaded Company’s shares for reported $88.0 on Jun 24 ’24. In the deal valued at $3.15 per share,28 shares were sold. As a result of this transaction, Calkins Daniel now holds 47,290 shares worth roughly $0.13 million.

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Then, Stuglik Brian M sold 335 shares, generating $1,075 in total proceeds. Upon selling the shares at $3.21, the Director now owns 97,045 shares.

Before that, Paterson Dan sold 183 shares. Verastem Inc shares valued at $587 were divested by the President and CEO at a price of $3.21 per share. As a result of the transaction, Paterson Dan now holds 236,063 shares, worth roughly $0.65 million.

A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Mizuho also remained covering VSTM and has increased its forecast on June 15, 2023 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of VSTM

On Friday, Verastem Inc [NASDAQ:VSTM] saw its stock fall -6.80% to $2.74. Over the last five days, the stock has lost -5.52%. Verastem Inc shares have fallen nearly -66.34% since the year began. Nevertheless, the stocks have fallen -65.23% over the past one year. While a 52-week high of $14.22 was reached on 02/06/24, a 52-week low of $2.80 was recorded on 07/05/24. SMA at 50 days reached $6.86, while 200 days put it at $8.85. A total of 0.69 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For VSTM Stock

The 24-hour chart illustrates a support level at 2.64, which if violated will result in even more drops to 2.55. On the upside, there is a resistance level at 2.89. A further resistance level may holdings at 3.05. The Relative Strength Index (RSI) on the 14-day chart is 25.72, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.88%. Stochastics%K at 11.74% indicates the stock is a buying.

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