In a filing, Verastem Inc revealed its President and CEO Paterson Dan unloaded Company’s shares for reported $4891.0 on Feb 04 ’25. In the deal valued at $5.70 per share,858 shares were sold. As a result of this transaction, Paterson Dan now holds 346,723 shares worth roughly $1.89 million.
Then, Paterson Dan sold 8,568 shares, generating $44,896 in total proceeds. Upon selling the shares at $5.24, the President and CEO now owns 347,581 shares.
Before that, Dan Paterson bought 8,568 shares. Verastem Inc shares valued at $44,909 were divested by the Officer, Director at a price of $5.24 per share.
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 -1.98% to $5.45. Over the last five days, the stock has lost -5.05%. Verastem Inc shares have risen nearly 5.42% since the year began. Nevertheless, the stocks have fallen -54.73% over the past one year. While a 52-week high of $13.82 was reached on 01/03/25, a 52-week low of $2.10 was recorded on 01/02/25. SMA at 50 days reached $5.40, while 200 days put it at $4.32.
Levels Of Support And Resistance For VSTM Stock
The 24-hour chart illustrates a support level at 5.34, which if violated will result in even more drops to 5.22. On the upside, there is a resistance level at 5.57. A further resistance level may holdings at 5.68. The Relative Strength Index (RSI) on the 14-day chart is 45.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.67%. Stochastics %K at 22.99% indicates the stock is a holding.
