Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Perella Weinberg Partners shares valued at $3,361,440 were purchased by RED HOOK CAPITAL LLC on Jan 02 ’25. At $23.84 per share, RED HOOK CAPITAL LLC acquired 141,000 shares.
Also, STEEL ROBERT K sold 32,943 shares, netting a total of over 819,292 in proceeds. Following the sale of shares at $24.87 each, the insider now holds 50,479 shares.
Before that, ROBERT STEEL had added 32,943 shares to its account. In a trade valued at $819,371, the Officer bought Perella Weinberg Partners shares for $24.87 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 -3.21%. Over the course of the year, Perella Weinberg Partners shares have dropped approximately -1.22%. Shares of the company reached a 52-week high of $24.25 on 01/02/25 and a 52-week low of $23.37 on 01/02/25. A 50-day SMA is recorded $23.93, while a 200-day SMA reached $18.73. Nevertheless, trading volume fell to 0.6 million shares from 0.39 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 23.20, which, if violated, would cause prices to drop to 22.84. In the upper region, resistance lies at 24.08. The next price resistance is at 24.60. RSI (Relative Strength Index) is 44.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 58.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
