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Verastem (VSTM) in Focus: Stock Moves 8% Higher

Zacks Equity Research
Updated

Verastem, Inc. VSTM was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.88 to $3.43 in the past one-month time frame.

Although the company has seen no estimate revisions in the past one month, its Zacks Consensus Estimate has also moved lower over the past two months, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Verastem currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Verastem, Inc. Price and Consensus

Verastem, Inc. Price and Consensus | Verastem, Inc. Quote

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Investors interested in the Medical - Biomedical and Genetics industry may consider a better ranked stock Ligand Pharmaceuticals Incorporated LGND, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is VSTM going up? Or down? Predict to see what others think: Up or Down

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Ligand Pharmaceuticals Incorporated (LGND) : Free Stock Analysis Report
 
Verastem, Inc. (VSTM) : Free Stock Analysis Report
 
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Zacks Investment Research