Perella Weinberg Partners’s recent filing unveils that its President Becker Dietrich unloaded Company’s shares for reported $10.84 million on Nov 12 ’24. In the deal valued at $24.48 per share,442,889 shares were sold. As a result of this transaction, Becker Dietrich now holds 379,140 shares worth roughly $9.57 million.
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Then, Bednar Andrew sold 300,579 shares, generating $7,358,174 in total proceeds. Upon selling the shares at $24.48, the Chief Executive Officer now owns 566,386 shares.
Before that, CLAUS DIETRICH BECKER bought 442,889 shares. Perella Weinberg Partners shares valued at $10,843,871 were divested by the Officer at a price of $24.48 per share.
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 Friday, Perella Weinberg Partners [NASDAQ:PWP] saw its stock fall -1.87% to $25.25. Over the last five days, the stock has gained 3.36%. Perella Weinberg Partners shares have risen nearly 106.46% since the year began. Nevertheless, the stocks have risen 135.32% over the past one year. While a 52-week high of $25.96 was reached on 11/14/24, a 52-week low of $10.44 was recorded on 01/17/24. SMA at 50 days reached $20.82, while 200 days put it at $16.89.
Levels Of Support And Resistance For PWP Stock
The 24-hour chart illustrates a support level at 24.81, which if violated will result in even more drops to 24.36. On the upside, there is a resistance level at 25.77. A further resistance level may holdings at 26.28. The Relative Strength Index (RSI) on the 14-day chart is 66.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.58%. Stochastics %K at 91.00% 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 2024-10-31, dropping by -0.26 million shares to a total of 2.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.24 million shares. There was a decline of -8.86%, which implies that there is a negative sentiment for the stock.
