In a filing, Perimeter Solutions SA revealed its Director Valladares Jorge acquired Company’s shares for reported $0.3 million on Jun 11 ’24. In the deal valued at $7.15 per share,42,000 shares were bought. As a result of this transaction, Valladares Jorge now holds 14,000 shares worth roughly $0.18 million.
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UBS downgraded its Perimeter Solutions SA [PRM] rating to a Neutral from a a Buy in a research note published on October 11, 2023; the price target was decreased to $4.25 from $7. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. UBS began covering PRM with “Buy” recommendation on April 14, 2022.
Price Performance Review of PRM
On Friday, Perimeter Solutions SA [NYSE:PRM] saw its stock jump 3.19% to $12.92. Over the last five days, the stock has lost -1.15%. Perimeter Solutions SA shares have risen nearly 180.87% since the year began. Nevertheless, the stocks have risen 274.49% over the past one year. While a 52-week high of $13.67 was reached on 09/30/24, a 52-week low of $2.79 was recorded on 01/19/24. SMA at 50 days reached $11.65, while 200 days put it at $7.96.
Levels Of Support And Resistance For PRM Stock
The 24-hour chart illustrates a support level at 12.64, which if violated will result in even more drops to 12.35. On the upside, there is a resistance level at 13.10. A further resistance level may holdings at 13.27. The Relative Strength Index (RSI) on the 14-day chart is 59.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.97%. Stochastics %K at 28.69% indicates the stock is a holding.
How much short interest is there in Perimeter Solutions SA?
A steep rise in short interest was recorded in Perimeter Solutions SA stocks on 2024-09-30, dropping by -0.52 million shares to a total of 2.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.74 million shares. There was a decline of -23.16%, which implies that there is a negative sentiment for the stock.