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Perimeter Solutions SA [PRM] Records 200-Day SMA of $8.78

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Perimeter Solutions SA shares valued at $300,258 were purchased by Valladares Jorge on Jun 11 ’24. At $7.15 per share, Valladares Jorge acquired 42,000 shares. The insider’s holdings grew to 14,000 shares worth approximately $0.2 million following the completion of this transaction.

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As published in a research note from UBS on October 11, 2023, Perimeter Solutions SA [PRM] has been rated down from a Buy to a Neutral and the price target has been revised to $4.25 from $7. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in early June. As of April 14, 2022, UBS has initiated its “Buy” rating for PRM.

Analyzing PRM Stock Performance

During the last five days, there has been a surge of approximately 3.45%. Over the course of the year, Perimeter Solutions SA shares have jumped approximately 206.09%. Shares of the company reached a 52-week high of $14.44 on 11/06/24 and a 52-week low of $3.88 on 01/19/24. A 50-day SMA is recorded $12.70, while a 200-day SMA reached $8.78. Nevertheless, trading volume fell to 1.51 million shares from 1.09 million shares the previous day.

Support And Resistance Levels for Perimeter Solutions SA (PRM)

According to the 24-hour chart, there is a support level at 13.80, which, if violated, would cause prices to drop to 13.52. In the upper region, resistance lies at 14.40. The next price resistance is at 14.72. RSI (Relative Strength Index) is 67.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 24.66%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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