Insider Buying: Proem Acquisition Corp I (NASDAQ:PAAC) CEO Purchases $20,600.00 in Stock

Proem Acquisition Corp I (NASDAQ:PAAC) CEO Imran Khan bought 2,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was acquired at an average cost of $10.30 per share, with a total value of $20,600.00. Following the completion of the purchase, the chief executive officer 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Proem Acquisition Corp I Trading Down 0.1%

NASDAQ PAAC opened at $10.00 on Friday. Proem Acquisition Corp I has a one year low of $9.83 and a one year high of $10.15. The stock’s 50-day simple moving average is $10.05.

Institutional Trading of Proem Acquisition Corp I

An institutional investor recently raised its position in Proem Acquisition Corp I stock. Readystate Asset Management LP grew its position in Proem Acquisition Corp I (NASDAQ:PAAC) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Analyst Ratings Changes

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

About Proem Acquisition Corp I