In a filing, Verastem Inc revealed its Chief Financial Officer Calkins Daniel unloaded Company’s shares for reported $282.0 on Dec 20 ’24. In the deal valued at $4.34 per share,65 shares were sold. As a result of this transaction, Calkins Daniel now holds 47,396 shares worth roughly $0.31 million.
Then, Calkins Daniel sold 28 shares, generating $109 in total proceeds. Upon selling the shares at $3.91, the Chief Financial Officer now owns 47,368 shares.
Before that, Gagnon Robert E. sold 285 shares. Verastem Inc shares valued at $1,294 were divested by the Director at a price of $4.54 per share. As a result of the transaction, Gagnon Robert E. now holds 34,607 shares, worth roughly $0.23 million.
BTIG Research reiterated its Verastem Inc [VSTM] rating to a Buy in a research note published on December 31, 2024; the price target was $20. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. B. Riley Securities started covering the stock on September 27, 2023. It rated VSTM as “a Buy”.
Price Performance Review of VSTM
On Tuesday, Verastem Inc [NASDAQ:VSTM] saw its stock fall -2.68% to $6.54. Over the last five days, the stock has gained 78.20%. Verastem Inc shares have risen nearly 26.50% since the year began. Nevertheless, the stocks have fallen -22.88% over the past one year. While a 52-week high of $14.22 was reached on 01/03/25, a 52-week low of $2.10 was recorded on 01/02/25. SMA at 50 days reached $4.48, while 200 days put it at $5.15.
Levels Of Support And Resistance For VSTM Stock
The 24-hour chart illustrates a support level at 6.13, which if violated will result in even more drops to 5.73. On the upside, there is a resistance level at 6.83. A further resistance level may holdings at 7.13. The Relative Strength Index (RSI) on the 14-day chart is 67.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.92%. Stochastics %K at 86.68% indicates the stock is a selling.
How much short interest is there in Verastem Inc?
A steep rise in short interest was recorded in Verastem Inc stocks on 2024-12-13, growing by 0.26 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.36 million shares. There was a rise of 10.02%, which implies that there is a positive sentiment for the stock.
