Major Stock Sell-Offs by Perimeter Solutions Executives!
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Perimeter Solutions executives sold significant shares, with GC Yokozuka Noriko selling 137,500 shares for $3.91M and CFO Kyle Sable selling 100,000 shares for $2.85M. The company plans to offer $550M in senior secured notes to acquire Medical Manufacturing Technologies LLC for $685M, aiming to expand operations. Analysts have adjusted price targets due to the acquisition's potential impact. Despite strong growth initiatives, high valuation and profitability challenges are concerns. TipRanks’ AI Analyst rates PRM as Neutral, noting strong technical momentum but tempered by financial challenges.
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