Platform Specialty Products Corporation (PAH) : Traders are bullish on Platform Specialty Products Corporation (PAH) as it has outperformed the S&P 500 by a wide margin of 4.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.76%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.38% in the last 1 week, and is up 8.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.65% and the 50-Day Moving Average is 1.01%.
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 $9.31 and $9.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.25, notching a gain of 0.22% for the day. The total traded volume was 1,206,012 . The stock had closed at $9.23 on the previous day.
The company Insiders own 6% of Platform Specialty Products Corporation shares according to the proxy statements. Institutional Investors own 93.16% 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%. In a related news, 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.