Verastem Inc Shares Close the Week 92.4% Lower - Weekly Wrap
The company saw its shares close the week 92.4% lower than last week, with trading volume higher than its 30 day average.
Jun 09, 2023 by Kwhen Finance Editors
Verastem Inc (VSTM) shares closed this week 92.4% lower than it did at the end of last week. The stock is currently down 80.7% year-to-date, down 94.6% over the past 12 months, and down 98.6% over the past five years. This week, the Dow Jones Industrial Average rose 2.4%, and the S&P 500 rose 1.7%.
Trading Activity
- Shares traded as high as $13.33 and as low as $10.90 this week.
- Trading volume this week was 44.6% lower than the 10-day average and 0.4% higher than the 30-day average.
- Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5.
Technical Indicators
- The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
- MACD, a trend-following momentum indicator, indicates a downward trend.
- The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
- The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis
- The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis
- The company share price lags the performance of its peers in the Health Care industry sector this week, lags it on a 1-year basis, and lags it on a 5 year basis
| Name | DoD %Δ | YTD %Δ | 1 Yr % | 52-Week H % | 52-Week L % |
|---|---|---|---|---|---|
| Verastem Inc | -3.3 | -80.7 | -94.6 | ||
| Dow Jones Industrial Average | 0.1 | 3.3 | 5.2 | -1.5 | 20.0 |
| S&P 500 Index | 0.2 | 12.6 | 6.1 | 0.1 | 24.5 |
| Health Care | 0.1 | -2.9 | 1.7 | -6.4 | 12.0 |
Peer Group Comparative Performance
- The company's stock price performance year-to-date lags the peer average by -1911.3%
- The company's stock price performance over the past 12 months lags the peer average by 447.4%
| Name | MKT CAP (USD) | P/E | YTD %Δ | 1 Yr %Δ | 52-Week H % | 52-Week L % |
|---|---|---|---|---|---|---|
| Verastem Inc | VSTM | 0 | -80.7 | -94.6 | ||
| Peer Avg | N/A | 5.9 | 4.5 | -17.3 | -15.6 | 8.7 |
| Pfizer Inc. | PFE | 7.6 | -22.2 | -24.2 | -27.2 | 8.3 |
| Glaxosmithkline plc - ADR | GSK | 4.0 | 0.7 | -34.6 | -34.6 | 24.9 |
| Laboratory Corp. Of America Holdings | LH | 19.5 | -5.7 | -5.9 | -15.9 | 10.1 |
| Curis Inc | CRIS | -1.5 | 49.4 | -21.7 | ||
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