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Perella Weinberg Partners (PWP) receives an Outperform rating from Keefe Bruyette

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 $1.0 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 fall -1.84% to $14.92. Over the last five days, the stock has lost -6.57%. Perella Weinberg Partners shares have risen nearly 22.00% since the year began. Nevertheless, the stocks have risen 88.86% over the past one year. While a 52-week high of $16.07 was reached on 04/09/24, a 52-week low of $6.80 was recorded on 01/17/24. SMA at 50 days reached $14.26, while 200 days put it at $11.76. A total of 0.37 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For PWP Stock

The 24-hour chart illustrates a support level at 14.80, which if violated will result in even more drops to 14.68. On the upside, there is a resistance level at 15.10. A further resistance level may holdings at 15.29. The Relative Strength Index (RSI) on the 14-day chart is 49.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.00%. Stochastics %K at 21.45% indicates the stock is a holding.

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