Perimeter Solutions Inc’s recently made public that its Director Cool Tracy Britt unloaded Company’s shares for reported $0.64 million on Nov 22 ’24. In the deal valued at $12.81 per share,50,000 shares were sold. As a result of this transaction, Cool Tracy Britt now holds 173,449 shares worth roughly $2.27 million.
Then, Tracy Britt Cool bought 50,000 shares, generating $640,450 in total proceeds.
Before that, Khouri Haitham sold 100,000 shares. Perimeter Solutions Inc shares valued at $1,217,000 were divested by the Chief Executive Officer at a price of $12.17 per share. As a result of the transaction, Khouri Haitham now holds 329,989 shares, worth roughly $4.33 million.
UBS downgraded its Perimeter Solutions Inc [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 Inc [NYSE:PRM] saw its stock fall -0.15% to $13.11. Over the last five days, the stock has gained 6.24%. Perimeter Solutions Inc shares have risen nearly 185.00% since the year began. Nevertheless, the stocks have risen 211.40% 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 $13.09, while 200 days put it at $9.31.
Levels Of Support And Resistance For PRM Stock
The 24-hour chart illustrates a support level at 12.84, which if violated will result in even more drops to 12.57. On the upside, there is a resistance level at 13.31. A further resistance level may holdings at 13.51. The Relative Strength Index (RSI) on the 14-day chart is 50.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.44%. Stochastics %K at 49.07% indicates the stock is a holding.
How much short interest is there in Perimeter Solutions Inc?
A steep rise in short interest was recorded in Perimeter Solutions Inc 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.
