Key Points
- CEO Imran Khan bought 2,000 shares at an average price of $10.30, spending $20,600. His holdings rose to 4,627,833 shares, a 0.04% increase.
- PAAC shares opened at $10.01, near their 50-day average of $10.05; the stock’s 52-week range is $9.83–$10.15.
- Analyst sentiment remains negative: one analyst rates the stock Sell, and MarketBeat lists a consensus rating of Sell.
Proem Acquisition Corp I (NASDAQ:PAAC - Get Free Report) CEO Imran Khan bought 2,000 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average cost of $10.30 per share, for a total transaction of $20,600.00. Following the completion of the transaction, the chief executive officer owned 4,627,833 shares in the company, valued at $47,666,679.90. This trade represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Proem Acquisition Corp I Price Performance
Shares of PAAC stock opened at $10.01 on Wednesday. The stock has a fifty day moving average price of $10.05. Proem Acquisition Corp I has a 1 year low of $9.83 and a 1 year high of $10.15.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Proem Acquisition Corp I from a "sell (e)" rating to a "sell (e+)" rating in a report on Friday, October 9th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Proem Acquisition Corp I has a consensus rating of "Sell".
View Our Latest Research Report on Proem Acquisition Corp I
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 grew its stake in Proem Acquisition Corp I (NASDAQ:PAAC - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,414 shares of the company's stock after buying an additional 2,888 shares during the quarter. Readystate Asset Management LP owned 0.79% of Proem Acquisition Corp I worth $1,451,000 as of its most recent SEC filing.
Proem Acquisition Corp I Company Profile
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