Verastem Inc’s recently made public that 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 $2.48 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 jump 0.42% to $7.15. Over the last five days, the stock has gained 21.19%. Verastem Inc shares have risen nearly 38.30% since the year began. Nevertheless, the stocks have fallen -39.36% over the past one year. While a 52-week high of $13.52 was reached on 03/10/25, a 52-week low of $2.10 was recorded on 01/02/25. SMA at 50 days reached $5.76, while 200 days put it at $4.03.
Levels Of Support And Resistance For VSTM Stock
The 24-hour chart illustrates a support level at 6.96, which if violated will result in even more drops to 6.77. On the upside, there is a resistance level at 7.33. A further resistance level may holdings at 7.50. The Relative Strength Index (RSI) on the 14-day chart is 73.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.91%. Stochastics %K at 85.43% indicates the stock is a selling.
