The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Perella Weinberg Partners shares valued at $1,719,638 were sold by Weinberg Peter A on Jan 02 ’25. At $23.60 per share, Weinberg Peter A sold 72,866 shares. The insider’s holdings dropped to 628,755 shares worth approximately $16.46 million following the completion of this transaction.
Also, Weinberg Peter A sold 68,134 shares, netting a total of over 1,575,258 in proceeds. Following the sale of shares at $23.12 each, the insider now holds 560,621 shares.
Before that, RED HOOK CAPITAL LLC had added 141,000 shares to its account. In a trade valued at $3,361,440, the Director bought Perella Weinberg Partners shares for $23.84 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 surge of approximately 12.31%. Over the course of the year, Perella Weinberg Partners shares have jumped approximately 9.82%. Shares of the company reached a 52-week high of $27.03 on 01/22/25 and a 52-week low of $21.75 on 01/10/25. A 50-day SMA is recorded $24.65, while a 200-day SMA reached $19.32. Nevertheless, trading volume fell to 0.82 million shares from 0.45 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 25.69, which, if violated, would cause prices to drop to 25.20. In the upper region, resistance lies at 26.85. The next price resistance is at 27.52. RSI (Relative Strength Index) is 64.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.15, which suggests the price will increase in the coming days. Percent R is at 16.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
