Verastem Inc’s recently made public that its President and CEO Paterson Dan unloaded Company’s shares for reported $44896.0 on Jan 13 ’25. In the deal valued at $5.24 per share,8,568 shares were sold. As a result of this transaction, Paterson Dan now holds 347,581 shares worth roughly $1.75 million.
Then, Dan Paterson bought 8,568 shares, generating $44,909 in total proceeds.
Before that, Calkins Daniel sold 6 shares. Verastem Inc shares valued at $42 were divested by the Chief Financial Officer at a price of $6.94 per share. As a result of the transaction, Calkins Daniel now holds 47,639 shares, worth roughly $0.24 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 -5.62% to $5.04. Over the last five days, the stock has lost -25.00%. Verastem Inc shares have fallen nearly -2.51% since the year began. Nevertheless, the stocks have fallen -52.63% 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 $4.64, while 200 days put it at $5.03.
Levels Of Support And Resistance For VSTM Stock
The 24-hour chart illustrates a support level at 4.82, which if violated will result in even more drops to 4.59. On the upside, there is a resistance level at 5.46. A further resistance level may holdings at 5.87. The Relative Strength Index (RSI) on the 14-day chart is 49.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.34%. Stochastics %K at 50.33% indicates the stock is a holding.
How much short interest is there in Verastem Inc?
A steep rise in short interest was recorded in Verastem Inc stocks on 2024-12-31, growing by 1.09 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.0 million shares. There was a rise of 35.16%, which implies that there is a positive sentiment for the stock.
