Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verastem Inc shares valued at $17 were sold by Calkins Daniel on Oct 07 ’24. At $2.86 per share, Calkins Daniel sold 6 shares. The insider’s holdings dropped to 47,461 shares worth approximately $0.13 million following the completion of this transaction.
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Also, Calkins Daniel sold 65 shares, netting a total of over 182 in proceeds. Following the sale of shares at $2.80 each, the insider now holds 47,495 shares.
Before that, Calkins Daniel had sold 28 shares from its account. In a trade valued at $75, the Chief Financial Officer traded Verastem Inc shares for $2.68 each. Upon closing the transaction, the insider’s holdings decreased to 28 shares, worth approximately $0.13 million.
As published in their initiating research note from Guggenheim on September 30, 2024, Verastem Inc [VSTM] has been a Buy and the price target has been revised to $13. As of September 27, 2023, B. Riley Securities has initiated its “Buy” rating for VSTM. Earlier on June 15, 2023, Mizuho upgraded its rating. Their new recommendation was “a Buy” for VSTM stock which previously was a “a Neutral”.
Analyzing VSTM Stock Performance
During the last five days, there has been a drop of approximately -10.74%. Over the course of the year, Verastem Inc shares have dropped approximately -67.32%. Shares of the company reached a 52-week high of $14.22 on 02/06/24 and a 52-week low of $2.10 on 08/05/24. A 50-day SMA is recorded $2.66, while a 200-day SMA reached $7.14. Nevertheless, trading volume fell to 4.38 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for Verastem Inc (VSTM)
According to the 24-hour chart, there is a support level at 2.41, which, if violated, would cause prices to drop to 2.15. In the upper region, resistance lies at 3.05. The next price resistance is at 3.43. RSI (Relative Strength Index) is 44.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 85.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
