Perella Weinberg Partners’s recent filing unveils that its Chairman Weinberg Peter A unloaded Company’s shares for reported $1.72 million on Jan 02 ’25. In the deal valued at $23.60 per share,72,866 shares were sold. As a result of this transaction, Weinberg Peter A now holds 628,755 shares worth roughly $14.71 million.
Then, Weinberg Peter A sold 68,134 shares, generating $1,575,258 in total proceeds. Upon selling the shares at $23.12, the Chairman now owns 560,621 shares.
Before that, RED HOOK CAPITAL LLC bought 141,000 shares. Perella Weinberg Partners shares valued at $3,361,440 were divested by the Director at a price of $23.84 per share.
A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Sell”. Keefe Bruyette also remained covering PWP and has decreased its forecast on September 26, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of PWP
On Monday, Perella Weinberg Partners [NASDAQ:PWP] saw its stock jump 1.08% to $23.40. Over the last five days, the stock has lost -2.54%. Perella Weinberg Partners shares have fallen nearly -1.85% since the year began. Nevertheless, the stocks have risen 96.80% over the past one year. While a 52-week high of $26.62 was reached on 01/02/25, a 52-week low of $10.73 was recorded on 01/03/25. SMA at 50 days reached $24.01, while 200 days put it at $18.82.
Levels Of Support And Resistance For PWP Stock
The 24-hour chart illustrates a support level at 22.98, which if violated will result in even more drops to 22.56. On the upside, there is a resistance level at 23.94. A further resistance level may holdings at 24.47. The Relative Strength Index (RSI) on the 14-day chart is 43.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.74%. Stochastics %K at 37.21% indicates the stock is a holding.
How much short interest is there in Perella Weinberg Partners?
A steep rise in short interest was recorded in Perella Weinberg Partners stocks on 2024-12-13, growing by 0.24 million shares to a total of 2.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.55 million shares. There was a rise of 8.45%, which implies that there is a positive sentiment for the stock.
