Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Perella Weinberg Partners shares valued at $10,841,923 were sold by Becker Dietrich on Nov 12 ’24. At $24.48 per share, Becker Dietrich sold 442,889 shares. The insider’s holdings dropped to 379,140 shares worth approximately $9.47 million following the completion of this transaction.
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Also, Bednar Andrew sold 300,579 shares, netting a total of over 7,358,174 in proceeds. Following the sale of shares at $24.48 each, the insider now holds 566,386 shares.
Before that, CLAUS DIETRICH BECKER had added 442,889 shares to its account. In a trade valued at $10,843,871, the Officer bought Perella Weinberg Partners shares for $24.48 each.
Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of September 26, 2022, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for PWP.
Analyzing PWP Stock Performance
During the last five days, there has been a drop of approximately -0.24%. Over the course of the year, Perella Weinberg Partners shares have jumped approximately 104.33%. Shares of the company reached a 52-week high of $26.62 on 11/18/24 and a 52-week low of $10.73 on 01/17/24. A 50-day SMA is recorded $21.27, while a 200-day SMA reached $17.09. Nevertheless, trading volume fell to 0.53 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Perella Weinberg Partners (PWP)
According to the 24-hour chart, there is a support level at 24.45, which, if violated, would cause prices to drop to 23.91. In the upper region, resistance lies at 25.42. The next price resistance is at 25.85. RSI (Relative Strength Index) is 63.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.16, which suggests the price will increase in the coming days. Percent R is at 25.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
