Erasca Inc’s recent filing unveils that its Director Casdin Alexander W. acquired Company’s shares for reported $0.18 million on May 21 ’24. In the deal valued at $2.27 per share,80,000 shares were bought. As a result of this transaction, Casdin Alexander W. now holds 573,974 shares worth roughly $1.87 million.
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Then, Lim Jonathan E bought 278,150 shares, generating $478,418 in total proceeds. Upon buying the shares at $1.72, the Chairman & CEO now owns 12,899,360 shares.
Before that, Start Valerie Denise Harding bought 10,000 shares. Erasca Inc shares valued at $18,480 were divested by the Director at a price of $1.85 per share. As a result of the transaction, Start Valerie Denise Harding now holds 20,000 shares, worth roughly $65000.0.
CapitalOne initiated its Erasca Inc [ERAS] rating to an Overweight in a research note published on March 11, 2024; the price target was $8. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. H.C. Wainwright began covering ERAS with “Buy” recommendation on October 11, 2023. Mizuho started covering the stock on March 30, 2023. It rated ERAS as “a Buy”.
Price Performance Review of ERAS
On Monday, Erasca Inc [NASDAQ:ERAS] saw its stock fall -0.91% to $3.25. Over the last five days, the stock has gained 3.50%. Erasca Inc shares have risen nearly 52.58% since the year began. Nevertheless, the stocks have risen 31.05% over the past one year. While a 52-week high of $3.45 was reached on 07/26/24, a 52-week low of $1.51 was recorded on 02/05/24. SMA at 50 days reached $2.52, while 200 days put it at $2.17. A total of 1.02 million shares were traded, compared to the trading of 1.38 million shares in the previous session.
Levels Of Support And Resistance For ERAS Stock
The 24-hour chart illustrates a support level at 3.16, which if violated will result in even more drops to 3.06. On the upside, there is a resistance level at 3.32. A further resistance level may holdings at 3.39. The Relative Strength Index (RSI) on the 14-day chart is 68.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.53%. Stochastics%K at 85.54% indicates the stock is a selling.
The most recent change occurred on February 24, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
