Officer Jeffrey Emery files intent to sell $1.79M in shares, adding to recent insider distribution.
PRM has more than doubled off its 52-week low of $11.545.
Summary
An officer at Perimeter Solutions has filed intent to sell $1.79 million in stock, continuing a trend of insider selling that totals over $6.5 million from this individual in the last three months.
Key Events · Ownership and Investor Activity · PRM
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Officer Files Intent to Sell
Officer Jeffrey Emery filed a Form 144 to sell 53,537 shares, valued at approximately $1.79 million.
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Continued Insider Selling
This proposed sale follows approximately $4.78 million in shares already sold by Jeffrey Emery over the past three months, bringing his total recent selling activity to over $6.5 million.
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Stock Trading Near 52-Week High
The intent to sell comes as Perimeter Solutions' stock is trading near its 52-week high, potentially indicating insiders are locking in gains.
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Part of Broader Distribution Trend
This filing contributes to a pattern of insider distribution, with over $26 million in net insider sales reported in the last 90 days across multiple officers and directors.
Analysis · PRM · Industrial Applications And Services
Officer Jeffrey Emery has filed a Form 144 indicating intent to sell an additional $1.79 million worth of shares. This follows approximately $4.78 million in sales by Emery over the past three months, contributing to a broader pattern of insider selling at Perimeter Solutions, particularly as the stock trades near its 52-week high.
At the time of this filing, PRM was trading at $33.91 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $11.55 to $34.29. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.