Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Paramount Group Inc shares valued at $41,470 were purchased by Behler Albert P. on Mar 21 ’25. At $4.15 per share, Behler Albert P. acquired 10,000 shares. The insider’s holdings grew to 751,812 shares worth approximately $3.32 million following the completion of this transaction.
Also, Behler Albert P. purchased 50,000 shares, netting a total of over 203,900 in proceeds. Following the buying of shares at $4.08 each, the insider now holds 741,812 shares.
Before that, Behler Albert P. had added 50,000 shares to its account. In a trade valued at $199,950, the Chairman, CEO and President bought Paramount Group Inc shares for $4.00 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $3.06 million.
As published in a research note from Evercore ISI on March 18, 2024, Paramount Group Inc [PGRE] has been rated up from an Underperform to an In-line and the price target has been revised to $5. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid November. Earlier on November 23, 2022, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for PGRE stock which previously was a “an Overweight”.
Analyzing PGRE Stock Performance
During the last five days, there has been a surge of approximately 3.76%. Over the course of the year, Paramount Group Inc shares have dropped approximately -10.53%. Shares of the company reached a 52-week high of $5.09 on 01/03/25 and a 52-week low of $3.96 on 03/17/25. A 50-day SMA is recorded $4.46, while a 200-day SMA reached $4.80.
Support And Resistance Levels for Paramount Group Inc (PGRE)
According to the 24-hour chart, there is a support level at 4.31, which, if violated, would cause prices to drop to 4.21. In the upper region, resistance lies at 4.48. The next price resistance is at 4.55. RSI (Relative Strength Index) is 58.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 4.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
