Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Erasca Inc shares valued at $22,306 were purchased by Erasca Foundation on Oct 15 ’24. At $2.68 per share, Erasca Foundation acquired 8,333 shares.
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Also, Erasca Foundation purchased 8,333 shares, netting a total of over 24,090 in proceeds.
Before that, Erasca Foundation had added 8,333 shares to its account. In a trade valued at $21,619, the Affiliate bought Erasca Inc shares for $2.59 each.
As published in their initiating research note from CapitalOne on March 11, 2024, Erasca Inc [ERAS] has been an Overweight and the price target has been revised to $8. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of October 11, 2023, H.C. Wainwright has initiated its “Buy” rating for ERAS. Earlier on March 30, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for ERAS stock.
Analyzing ERAS Stock Performance
During the last five days, there has been a surge of approximately 17.78%. Over the course of the year, Erasca Inc shares have jumped approximately 49.30%. Shares of the company reached a 52-week high of $3.45 on 07/26/24 and a 52-week low of $1.64 on 02/05/24. A 50-day SMA is recorded $2.77, while a 200-day SMA reached $2.41. Nevertheless, trading volume fell to 4.17 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Erasca Inc (ERAS)
According to the 24-hour chart, there is a support level at 3.01, which, if violated, would cause prices to drop to 2.84. In the upper region, resistance lies at 3.30. The next price resistance is at 3.42. RSI (Relative Strength Index) is 66.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 8.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
