Popular Inc.’s filing revealed that its Executive Vice President CESTERO LUIS E. unloaded Company’s shares for reported $0.39 million on Mar 08 ’24. In the deal valued at $84.42 per share,4,641 shares were sold. As a result of this transaction, CESTERO LUIS E. now holds 26,772 shares worth roughly $2.32 million.
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Then, CESTERO LUIS E. sold 599 shares, generating $51,269 in total proceeds. Upon selling the shares at $85.65, the Executive Vice President now owns 0 shares.
Before that, Soriano Lidio sold 12,922 shares. Popular Inc. shares valued at $1,121,294 were divested by the Executive Vice President at a price of $86.77 per share. As a result of the transaction, Soriano Lidio now holds 88,427 shares, worth roughly $7.66 million.
Barclays initiated its Popular Inc. [BPOP] rating to an Overweight in a research note published on March 08, 2024; the price target was $99. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. BofA Securities began covering BPOP with “Neutral” recommendation on October 10, 2023. Keefe Bruyette revised its rating on April 06, 2023. It rated BPOP as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of BPOP
On Tuesday, Popular Inc. [NASDAQ:BPOP] saw its stock jump 0.38% to $86.66. Over the last five days, the stock has gained 4.97%. Popular Inc. shares have risen nearly 5.59% since the year began. Nevertheless, the stocks have risen 59.54% over the past one year. While a 52-week high of $89.70 was reached on 01/30/24, a 52-week low of $52.32 was recorded on 01/17/24. SMA at 50 days reached $84.12, while 200 days put it at $72.38. A total of 0.33 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For BPOP Stock
The 24-hour chart illustrates a support level at 85.90, which if violated will result in even more drops to 85.14. On the upside, there is a resistance level at 87.30. A further resistance level may holdings at 87.94. The Relative Strength Index (RSI) on the 14-day chart is 58.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.45%. Stochastics %K at 77.23% indicates the stock is a holding.
How much short interest is there in Popular Inc.?
A steep rise in short interest was recorded in Popular Inc. stocks on Feb 29, 2024, dropping by -0.18 million shares to a total of 0.86 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.04 million shares. There was a decline of -20.68%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.38% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.97.
