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

Proem Acquisition Corp I (NASDAQ:PAAC) CEO Imran Khan purchased 2,000 shares of Proem Acquisition Corp I stock in a transaction dated Monday, November 2nd. The shares were acquired at an average cost of $10.30 per share, for a total transaction of $20,600.00. Following the completion of the transaction, the chief executive officer owned 4,627,833 shares of the company’s stock, valued at approximately $47,666,679.90. This represents a 0.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Proem Acquisition Corp I Price Performance

Shares of PAAC opened at $10.01 on Wednesday. Proem Acquisition Corp I has a 12 month low of $9.83 and a 12 month high of $10.15. The firm’s fifty day simple moving average is $10.05.

Institutional Trading of Proem Acquisition Corp I

A hedge fund recently raised its position in Proem Acquisition Corp I stock. Readystate Asset Management LP raised its stake in shares of Proem Acquisition Corp I (NASDAQ:PAAC) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,414 shares of the company’s stock after purchasing an additional 2,888 shares during the quarter. Readystate Asset Management LP owned about 0.79% of Proem Acquisition Corp I worth $1,451,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Proem Acquisition Corp I