Proem Acquisition Corp I (NASDAQ:PAAC – Get Free Report) CEO Imran Khan bought 2,000 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were acquired at an average price of $10.30 per share, with a total value of $20,600.00. Following the transaction, the chief executive officer directly owned 4,627,833 shares of the company’s stock, valued at approximately $47,666,679.90. This trade represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Proem Acquisition Corp I Price Performance
PAAC remained flat at $10.01 during trading on Tuesday. 21,119 shares of the company’s stock traded hands, compared to its average volume of 28,650. The business’s 50-day moving average is $10.05. Proem Acquisition Corp I has a fifty-two week low of $9.83 and a fifty-two week high of $10.15.
Hedge Funds Weigh In On Proem Acquisition Corp I
An institutional investor recently raised its stake in Proem Acquisition Corp I stock. Readystate Asset Management LP lifted its position in Proem Acquisition Corp I (NASDAQ:PAAC – Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,414 shares of the company’s stock after purchasing an additional 2,888 shares during the period. Readystate Asset Management LP owned about 0.79% of Proem Acquisition Corp I worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Proem Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
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About Proem Acquisition Corp I
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