Perimeter Solutions Inc’s recent filing unveils 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 $2.05 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 $3.9 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 -2.23% to $11.82. Over the last five days, the stock has lost -1.34%. Perimeter Solutions Inc shares have fallen nearly -7.51% since the year began. Nevertheless, the stocks have risen 142.21% over the past one year. While a 52-week high of $14.44 was reached on 01/21/25, a 52-week low of $4.85 was recorded on 01/07/25. SMA at 50 days reached $12.80, while 200 days put it at $10.87.
Levels Of Support And Resistance For PRM Stock
The 24-hour chart illustrates a support level at 11.64, which if violated will result in even more drops to 11.47. On the upside, there is a resistance level at 12.07. A further resistance level may holdings at 12.33. The Relative Strength Index (RSI) on the 14-day chart is 36.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.69%. Stochastics %K at 8.24% indicates the stock is a buying.
How much short interest is there in Perimeter Solutions Inc?
A steep rise in short interest was recorded in Perimeter Solutions Inc stocks on 2025-01-15, growing by 1.13 million shares to a total of 2.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.54 million shares. There was a rise of 42.35%, which implies that there is a positive sentiment for the stock.
