Persimmon (OTCMKTS:PSMMY) Shares Gap Up – Here’s What Happened

Persimmon Plc (OTCMKTS:PSMMY) gapped up before the market opened on Wednesday . The stock had previously closed at $27.98, but opened at $29.32. Persimmon shares last traded at $29.3980, with a volume of 404 shares trading hands.

Wall Street Analyst Weigh In

PSMMY has been the subject of several research analyst reports. Zacks Research lowered shares of Persimmon from a “hold” rating to a “strong sell” rating in a report on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Persimmon Trading Down 2.2%

The firm has a 50-day simple moving average of $28.41 and a 200 day simple moving average of $32.35.

Persimmon Company Profile

Persimmon plc (OTCMKTS:PSMMY) is a leading United Kingdom–based residential property developer primarily engaged in the design, construction and sale of new homes. The company’s product range spans starter homes for first-time buyers, family houses and executive properties, addressing a broad spectrum of customer needs. Persimmon also offers warranty and after-sales services through its in-house customer care teams, ensuring ongoing support for homeowners.

Founded in 1972 and headquartered in York, North Yorkshire, Persimmon has grown from a regional builder into one of the UK’s most prolific housebuilders.