Platform Specialty Products Corporation (NYSE:PAH) has tumbled 12.72% during the past week and has dropped 7.3% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 11.67%. Platform Specialty Products Corporation (NYSE:PAH) has underperformed the index by 8.14% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Platform Specialty Products Corporation (NYSE:PAH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.54 and $8.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.51, notching a gain of 0.59% for the day. The total traded volume was 2,965,786 . The stock had closed at $8.46 on the previous day.
The company shares have dropped -67.89% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $27.56 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.45 and the 200 Day Moving Average price is recorded at $9.17.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Corporate Treasurer) of Platform Specialty Products Corp, Jacoboski David A, had purchased 1,000 shares in a transaction dated on March 17, 2016. The transaction was executed at $8.48 per share with total amount equaling $8,480.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Credit Suisse assumes its outlook on Platform Specialty Products Corporation (NYSE:PAH). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $10 per share. The rating by the firm was issued on May 2, 2016. Currently the company Insiders own 6% of Platform Specialty Products Corporation shares according to the proxy statements. Institutional Investors own 93.15% of Platform Specialty Products Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 43.44%.