Perimeter Solutions SA’s recently made public that its Chief Executive Officer Khouri Haitham unloaded Company’s shares for reported $1.22 million on Nov 14 ’24. In the deal valued at $12.17 per share,100,000 shares were sold. As a result of this transaction, Khouri Haitham now holds 329,989 shares worth roughly $4.07 million.
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Then, Khouri Haitham sold 80,156 shares, generating $974,697 in total proceeds. Upon selling the shares at $12.16, the Chief Executive Officer now owns 249,833 shares.
Before that, Khouri Haitham sold 80,000 shares. Perimeter Solutions SA shares valued at $964,000 were divested by the Chief Executive Officer at a price of $12.05 per share. As a result of the transaction, Khouri Haitham now holds 429,989 shares, worth roughly $5.31 million.
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 Monday, Perimeter Solutions SA [NYSE:PRM] saw its stock jump 1.48% to $12.34. Over the last five days, the stock has lost -12.36%. Perimeter Solutions SA shares have risen nearly 168.26% since the year began. Nevertheless, the stocks have risen 217.22% over the past one year. While a 52-week high of $14.44 was reached on 11/06/24, a 52-week low of $3.84 was recorded on 01/19/24. SMA at 50 days reached $12.93, while 200 days put it at $9.11.
Levels Of Support And Resistance For PRM Stock
The 24-hour chart illustrates a support level at 12.11, which if violated will result in even more drops to 11.88. On the upside, there is a resistance level at 12.56. A further resistance level may holdings at 12.77. The Relative Strength Index (RSI) on the 14-day chart is 39.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.07%. Stochastics %K at 16.98% indicates the stock is a buying.
How much short interest is there in Perimeter Solutions SA?
A steep rise in short interest was recorded in Perimeter Solutions SA stocks on 2024-10-31, dropping by 55896.0 shares to a total of 2.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.23 million shares. There was a decline of -2.57%, which implies that there is a negative sentiment for the stock.
