Proem Acquisition Corp I (NASDAQ:PAAC) Stock: Insider Imran Khan Acquires 2,000 Shares

Proem Acquisition Corp I (NASDAQ:PAAC) CEO Imran Khan purchased 2,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was acquired at an average price of $10.30 per share, for a total transaction of $20,600.00. Following the completion of the transaction, the chief executive officer directly owned 4,627,833 shares of the company’s stock, valued at approximately $47,666,679.90. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Proem Acquisition Corp I Price Performance

Shares of NASDAQ:PAAC remained flat at $10.01 on Tuesday. The stock had a trading volume of 21,119 shares, compared to its average volume of 28,650. Proem Acquisition Corp I has a twelve month low of $9.83 and a twelve month high of $10.15. The firm has a 50-day moving average of $10.05.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Proem Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Proem Acquisition Corp I

An institutional investor recently raised its stake in Proem Acquisition Corp I stock. Readystate Asset Management LP raised its position in Proem Acquisition Corp I (NASDAQ:PAAC) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,414 shares of the company’s stock after purchasing an additional 2,888 shares during the period. Readystate Asset Management LP owned approximately 0.79% of Proem Acquisition Corp I worth $1,451,000 as of its most recent filing with the SEC.

Proem Acquisition Corp I Company Profile