Shares of Pinewood Technologies Group PLC (LON:PINE – Get Free Report) fell 32.6% on Monday . The company traded as low as GBX 288.90 and last traded at GBX 294. 4,325,244 shares traded hands during mid-day trading, an increase of 147% from the average session volume of 1,751,656 shares. The stock had previously closed at GBX 436.50.
Key Stories Impacting Pinewood Technologies Group
Here are the key news stories impacting Pinewood Technologies Group this week:
- Positive Sentiment: Chief Financial Officer Oliver Mann bought 25,045 shares at ~GBX 307 (≈£76,888), showing insider confidence after the bid collapse. Pinewood Technologies CFO Increases Stake with Share Purchase
- Positive Sentiment: Non‑executive director Dietmar Exler purchased 2,500 shares at ~GBX 295 (≈£7,375), another insider buy that could be read as support for management’s view of the business. Pinewood Technologies Director Increases Stake with Share Purchase
- Neutral Sentiment: Pinewood issued a statement saying it remains confident in its future despite Apax withdrawing its offer; this provides management reassurance but may not calm investor reaction immediately. Pinewood still confident in future despite Apax pulling offer
- Negative Sentiment: Apax Partners formally abandoned its roughly $763M/£ benchmark bid for Pinewood.AI — the immediate catalyst for the stock’s sharp sell‑off as takeover premium expectations evaporated. Apax Partners Abandons $763 Million Bid for Pinewood.AI
- Negative Sentiment: Widespread media coverage of the withdrawal emphasized a near‑term valuation reset and heavy selling pressure, noting a sharp intraday decline in the shares. Pinewood shares nosedive 30% as Apax Partners withdraws bid
- Negative Sentiment: Market commentary is questioning near‑term outlook and whether sellers will wait for new strategic interest or fundamentals to reassert themselves; some analysts/publications are framing today as a re‑rating event. Pinewood Technologies Group (LON:PINE) Stock Price Down 31.4% – Should You Sell?
Wall Street Analyst Weigh In
Separately, Berenberg Bank raised their price target on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock a “buy” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 725.
Pinewood Technologies Group Price Performance
The company’s fifty day moving average is GBX 381.73 and its 200-day moving average is GBX 417.96. The company has a market capitalization of £336.57 million, a PE ratio of 4.71 and a beta of 0.56.
Insider Buying and Selling
In other Pinewood Technologies Group news, insider Dietmar Exler purchased 2,500 shares of Pinewood Technologies Group stock in a transaction on Monday, February 16th. The stock was bought at an average cost of GBX 295 per share, with a total value of £7,375. Also, insider Oliver Mann acquired 25,045 shares of the stock in a transaction on Monday, February 16th. The stock was bought at an average price of GBX 307 per share, for a total transaction of £76,888.15. Insiders have acquired a total of 41,466 shares of company stock worth $13,396,112 in the last ninety days. 47.43% of the stock is owned by 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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