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

Proem Acquisition Corp I (NASDAQ:PAAC) CEO Imran Khan bought 2,000 shares of the company’s 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 acquisition, the chief executive officer directly 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Proem Acquisition Corp I Stock Performance

NASDAQ PAAC opened at $10.01 on Thursday. Proem Acquisition Corp I has a 1-year low of $9.83 and a 1-year high of $10.15. The stock has a fifty day moving average of $10.05.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Proem Acquisition Corp I stock. Readystate Asset Management LP increased its position in shares of Proem Acquisition Corp I (NASDAQ:PAAC) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent quarter.

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 research note on Friday, October 9th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Proem Acquisition Corp I