Pinewood Technologies Group (LON:PINE) Stock Price Down 32.6% – Time to Sell?

Shares of Pinewood Technologies Group PLC (LON:PINE) traded down 32.6% on Monday . The stock traded as low as GBX 288.90 and last traded at GBX 294. 4,325,244 shares changed hands during trading, an increase of 147% from the average session volume of 1,751,656 shares. The stock had previously closed at GBX 436.50.

More Pinewood Technologies Group News

Here are the key news stories impacting Pinewood Technologies Group this week:

• Positive Sentiment: Multiple insiders and directors bought stock today (large purchase by director Oliver Mann and purchases by Dietmar Exler and other directors/CFO), signalling management confidence and providing some buying support. Insider purchases (MarketBeat)
• Positive Sentiment: Company filings/announcements report director and CFO share dealings (directors increasing stakes), which investors often view as a positive signal of insider conviction. Director stake increase (TipRanks)
• Neutral Sentiment: Pinewood issued statements saying it remains confident in its future despite Apax withdrawing its offer — reassurance for long-term investors but insufficient to prevent the immediate market reaction. Company response (Sharecast)
• Negative Sentiment: Apax Partners has abandoned a proposed £/€/$763m bid for Pinewood.AI, removing a near-term acquisition premium and sparking a sharp sell-off in the stock. This is the primary driver of today’s price decline. Apax abandons bid (MarketWatch)
• Negative Sentiment: Widespread press coverage highlights the withdrawal and its market impact (headlines citing a ~30% drop), which can amplify selling pressure and short-term volatility. Coverage of share drop (MSN)

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price target on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock a “buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 725.

Pinewood Technologies Group Stock Performance

The company has a market capitalization of £336.57 million, a PE ratio of 4.71 and a beta of 0.56. The business has a fifty day moving average price of GBX 381.73 and a 200 day moving average price of GBX 417.96.

Insider Activity at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider Dietmar Exler acquired 2,500 shares of the company’s stock in a transaction dated Monday, February 16th. The stock was bought at an average price of GBX 295 per share, with a total value of £7,375. Also, insider Oliver Mann bought 25,045 shares of the business’s stock in a transaction dated Monday, February 16th. The stock was acquired at an average cost of GBX 307 per share, for a total transaction of £76,888.15. Over the last quarter, insiders have acquired 41,466 shares of company stock worth $13,396,112. Company insiders own 47.43% of the company’s stock.

Pinewood Technologies Group Company Profile

Pendragon PLC is one of the UK’s leading automotive retailers with over 120 locations selling new and used vehicles alongside expert aftercare services.

Operating in the UK under the brands of Evans Halshaw, Stratstone and CarStore the Group also has additional businesses including Pinewood for dealership management systems, Pendragon Vehicle Management for fleet and leasing and Quickco for wholesale vehicle parts.

Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.