Pinewood Technologies Group PLC (LON:PINE – Get Free Report) shares traded down 32.6% during mid-day trading on Monday . The stock traded as low as GBX 288.90 and last traded at GBX 294. 4,325,244 shares were traded during trading, an increase of 147% from the average session volume of 1,751,656 shares. The stock had previously closed at GBX 436.50.
Trending Headlines about Pinewood Technologies Group
Here are the key news stories impacting Pinewood Technologies Group this week:
- Positive Sentiment: Company insiders (CFO and directors, including recent purchases by Oliver Mann and Dietmar Exler) bought shares today, signalling management confidence and providing a short-term support datapoint for investors. Pinewood Technologies Director Increases Stake With Share Purchase
- Neutral Sentiment: The board says it remains confident in Pinewood’s long‑term outlook despite the failed bid, which may reassure longer‑term holders but is unlikely to stop near‑term volatility. Pinewood still confident in future despite Apax pulling offer
- Negative Sentiment: Apax Partners abandoned its proposed ~£575m (reported ~$763m) takeover after a sudden AI‑led sector re‑rating, removing a takeout premium and triggering forced selling by holders positioned for a deal. This is the primary catalyst for the share move and raises near‑term downside risk until strategic interest returns. Software group Pinewood plummets after AI sell-off scuppers £575mn deal
- Negative Sentiment: Market reports show heavy intraday selling and a steep share price drop following Apax’s withdrawal, increasing volatility and reducing the chance of an immediate rival bid at the prior valuation. Traders should expect elevated volume and possible further downside until buyers re‑enter. Pinewood shares slump after Apax backs away from takeover bid
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank boosted their target price on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 725.
Pinewood Technologies Group Trading Down 32.6%
The firm has a market cap of £336.57 million, a price-to-earnings ratio of 4.71 and a beta of 0.56. The stock has a 50-day moving average of GBX 381.73 and a 200-day moving average of GBX 417.96.
Insider Activity
In other news, insider William Berman acquired 13,921 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average price of GBX 357 per share, with a total value of £49,697.97. Also, insider Oliver Mann acquired 25,045 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The stock was purchased at an average price of GBX 307 per share, for a total transaction of £76,888.15. Over the last quarter, insiders bought 41,466 shares of company stock valued at $13,396,112. 47.43% of the stock is currently owned by company insiders.
About Pinewood Technologies Group
Pendragon PLC is one of the UK’s leading automotive retailers with over 120 locations selling new and used vehicles alongside expert aftercare services.
Operating in the UK under the brands of Evans Halshaw, Stratstone and CarStore the Group also has additional businesses including Pinewood for dealership management systems, Pendragon Vehicle Management for fleet and leasing and Quickco for wholesale vehicle parts.
Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.
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