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Perimeter Solutions Inc (NYSE: PRM) |
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PRM $10.2000
$-0.0500 
-0.49%
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Volume (M):
560
Open :
10.11 52 Wk Avg :
10.73
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Perimeter Solutions Inc PRM OHLC Open High Low Closing Chart
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What happened with Perimeter Solutions Inc's Stock |
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In August 2024, Perimeter Solutions Sa experienced notable volatility in its stock performance, resulting in a 9.13% increase in share prices, which rose from $11.33 to $11.71 by the end of the month. This performance significantly outpaced the market's average gain of 3.94%, showcasing resilience in a fluctuating market environment.
The month began with an unsettling turn for investors as the shares dropped by an alarming 9.69% on August 1, marking the worst daily performance of the month. This downturn served as a precursor to subsequent price movements, as the shares continued to struggle, reaching their bottom at $8.26 on August 5. This significant dip not only reflected challenges within the company but also resembled broader sentiment within the chemical manufacturing industry, which saw an average increase of only 1.14% during the same timeframe.
However, the market dynamics shifted after the initial rough start. Following the low point earlier in the month, Perimeter Solutions Sa's stock began its ascent, culminating in a peak share price of $11.765 on August 30. This recovery can be attributed to improving investor sentiment and possibly strategic company initiatives that garnered renewed interest. Overall, despite starting the month on an uncertain note, Perimeter Solutions Sa's performance demonstrated a clear recovery trajectory, marking a positive end to what began as a challenging period for its shareholders.
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In July 2024, Perimeter Solutions Sa experienced a robust performance in its stock value, witnessing a notable increase of 23.44% as the share price rose from $7.84 to $9.69. This growth is particularly impressive when considering the broader market context, where overall market performance declined by 0.39% during the same period. Perimeter Solutions Sa outpaced not only the general market but also the average performance of the Chemical Manufacturing industry, which saw a modest gain of 1.14%.
The month began on a challenging note, with the shares hitting a low of $7.49 on July 2, 2024, and experiencing their worst day on July 1, where they also declined by 3.58%. However, this early dip was reversed as the stock gained momentum, culminating in a peak of $9.84 on July 31, marking the highest point for the month. One of the standout days was July 16, when the stock saw its best single-day performance with a 3.58% increase.
Overall, the strong performance of Perimeter Solutions Sa shares indicates resilience and investor confidence, enabling the company to thrive even in a somewhat unfavorable market environment. The substantial recovery from the early declines suggests effective strategy implementation, potential positive company developments, or favorable market conditions specific to Perimeter Solutions Sa, differentiating it compellingly from its peers in the industry.
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In June 2024, Perimeter Solutions SA experienced a notable month in the stock market, showing a steady increase in its share value. The stock rose by 5.28%, climbing from $7.43 at the start of the month to $7.83 by the end of June. This increment signals a positive phase for the company and its investors within this period.
Analyzing the stock's performance throughout June, we observe that Perimeter Solutions SA shares hit their lowest point on June 10, trading at $7. This dip was followed by a series of price improvements, leading up to the highest point of the month at $8 on June 20. The consistent recovery from the month's low to the peak indicates a resilient performance amidst fluctuating market conditions.
During June 2024, Perimeter Solutions SA's shares outperformed the broader market. The company's stock demonstrated a monthly performance increase of 3.32%, which is favorable compared to other segments in the market. Specifically, shares within the Chemical Manufacturing industry, where Perimeter Solutions SA operates, experienced a downturn, averaging a decline of -3.04% over the same period. In contrast, the Basic Materials sector saw a modest growth of 1.39%.
Such performance amidst industry-wide challenges suggests that Perimeter Solutions SA has likely implemented effective strategies or benefited from specific catalysts aiding its stock price's appreciation. This increase reflects positively on the company?s outlook and financial health, signaling investor confidence and potential for future growth.
Given the larger context of competitive industries witnessing varied trends, Perimeter Solutions SA?s performance in June 2024 stands out as a robust indicator of its market strength.
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