Over the past 24 hours, VeChain's (CRYPTO: VET) price has risen 9.14% to $0.1. This is contrary to its negative trend over the past week where it has experienced a 16.0% loss, moving from $0.12 to its current price. As it stands right now, the coin's all-time high is $0.28.
Gainers
Verastem, Inc. (NASDAQ: VSTM) rose 30.8% to $3.61 in pre-market trading after the company announced a mini oral presentation highlighting updated data from the ongoing investigator-sponsored Phase 1/2 FRAME study.
Companies Reporting Before The Bell
• Entera Bio (NASDAQ:ENTX) is likely to report earnings for its second quarter.
• Data Storage (NASDAQ:DTST) is expected to report earnings for its second quarter.
Understanding Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.