In a filing, Perella Weinberg Partners revealed its General Counsel Shendelman Vladimir unloaded Company’s shares for reported $96216.0 on Dec 14 ’23. In the deal valued at $12.46 per share,7,722 shares were sold. As a result of this transaction, Shendelman Vladimir now holds 67,341 shares worth roughly $1.07 million.
A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Sell”. Keefe Bruyette also remained covering PWP and has decreased its forecast on September 26, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of PWP
On Tuesday, Perella Weinberg Partners [NASDAQ:PWP] saw its stock jump 2.05% to $15.91. Over the last five days, the stock has gained 8.90%. Perella Weinberg Partners shares have risen nearly 30.09% since the year began. Nevertheless, the stocks have risen 83.51% over the past one year. While a 52-week high of $15.64 was reached on 04/09/24, a 52-week low of $6.80 was recorded on 01/17/24. SMA at 50 days reached $13.34, while 200 days put it at $11.24. A total of 0.72 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For PWP Stock
The 24-hour chart illustrates a support level at 15.68, which if violated will result in even more drops to 15.46. On the upside, there is a resistance level at 16.10. A further resistance level may holdings at 16.30. The Relative Strength Index (RSI) on the 14-day chart is 81.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.25%. Stochastics %K at 93.72% indicates the stock is a selling.
How much short interest is there in Perella Weinberg Partners?
A steep rise in short interest was recorded in Perella Weinberg Partners stocks on Mar 15, 2024, growing by 0.14 million shares to a total of 0.5 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.36 million shares. There was a rise of 27.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.22.
