Platform Specialty Products Corporation (PAH) Shares are Down -5.52%

Platform Specialty Products Corporation (PAH) : During the past 4 weeks, traders have been relatively bearish on Platform Specialty Products Corporation (PAH), hence the stock is down -4.77% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.57% relative to the S&P 500. The 4-week change in the price of the stock is -3.78% and the stock has fallen -5.52% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.79% and the 50-Day Moving Average is 2.24%. Platform Specialty Products Corporation (NYSE:PAH): On Fridays trading session , Opening price of the stock was $9.14 with an intraday high of $9.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.87. However, the stock managed to close at $8.9, a loss of 2.94% for the day. On the previous day, the stock had closed at $9.17. The total traded volume of the day was 928,159 shares.

Platform

The company Insiders own 6% of Platform Specialty Products Corporation shares according to the proxy statements. Institutional Investors own 94.3% 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%. Also, Citigroup initiates coverage on Platform Specialty Products Corporation (NYSE:PAH). Citigroup has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $11 per share. The rating by the firm was issued on July 28, 2016.

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