Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Verastem Inc shares valued at $44,896 were sold by Paterson Dan on Jan 13 ’25. At $5.24 per share, Paterson Dan sold 8,568 shares. The insider’s holdings dropped to 347,581 shares worth approximately $1.92 million following the completion of this transaction.
Also, Dan Paterson purchased 8,568 shares, netting a total of over 44,909 in proceeds.
Before that, Calkins Daniel had sold 6 shares from its account. In a trade valued at $42, the Chief Financial Officer traded Verastem Inc shares for $6.94 each. Upon closing the transaction, the insider’s holdings decreased to 6 shares, worth approximately $0.26 million.
As published in a research note from BTIG Research on December 31, 2024, Verastem Inc [VSTM] has been retained to a Buy and the price target has been revised to $20. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. Earlier on September 27, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for VSTM stock.
Analyzing VSTM Stock Performance
During the last five days, there has been a surge of approximately 9.52%. Over the course of the year, Verastem Inc shares have jumped approximately 6.77%. Shares of the company reached a 52-week high of $7.26 on 01/03/25 and a 52-week low of $4.95 on 01/02/25. A 50-day SMA is recorded $4.80, while a 200-day SMA reached $4.87. Nevertheless, trading volume fell to 0.95 million shares from 0.83 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 5.28, which, if violated, would cause prices to drop to 5.05. In the upper region, resistance lies at 5.68. The next price resistance is at 5.85. RSI (Relative Strength Index) is 54.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 63.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
