Perimeter Solutions Inc’s filing revealed 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 $2.21 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 $4.2 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 Friday, Perimeter Solutions Inc [NYSE:PRM] saw its stock jump 0.16% to $12.74. Over the last five days, the stock has lost -0.47%. Perimeter Solutions Inc shares have risen nearly 176.96% since the year began. Nevertheless, the stocks have risen 204.78% 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 $13.11, while 200 days put it at $9.61.
Levels Of Support And Resistance For PRM Stock
The 24-hour chart illustrates a support level at 12.56, which if violated will result in even more drops to 12.39. On the upside, there is a resistance level at 12.87. A further resistance level may holdings at 13.01. The Relative Strength Index (RSI) on the 14-day chart is 46.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.25%. Stochastics %K at 46.99% 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 2024-11-15, dropping by -0.6 million shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.27 million shares. There was a decline of -36.13%, which implies that there is a negative sentiment for the stock.