Portillos Inc’s recently made public that its Chief Operating Officer Pratt Derrick Lee unloaded Company’s shares for reported $27295.0 on Jan 04 ’24. In the deal valued at $14.94 per share,1,827 shares were sold. As a result of this transaction, Pratt Derrick Lee now holds 23,599 shares worth roughly $0.31 million.
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Then, Osanloo Michael sold 1,558 shares, generating $24,912 in total proceeds. Upon selling the shares at $15.99, the President & CEO now owns 143,116 shares.
Before that, Osanloo Michael sold 10,000 shares. Portillos Inc shares valued at $152,200 were divested by the President & CEO at a price of $15.22 per share. As a result of the transaction, Osanloo Michael now holds 144,674 shares, worth roughly $1.91 million.
Stephens initiated its Portillos Inc [PTLO] rating to an Overweight in a research note published on November 10, 2023; the price target was $20. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “an Equal-weight”. Morgan Stanley also remained covering PTLO and reiterated its “an Overweight” recommendation on July 17, 2023.
Price Performance Review of PTLO
On Tuesday, Portillos Inc [NASDAQ:PTLO] saw its stock jump 0.38% to $13.20. Over the last five days, the stock has lost -0.68%. Portillos Inc shares have fallen nearly -17.14% since the year began. Nevertheless, the stocks have fallen -38.00% over the past one year. While a 52-week high of $23.99 was reached on 02/27/24, a 52-week low of $12.57 was recorded on 03/14/24. SMA at 50 days reached $13.69, while 200 days put it at $16.69. A total of 0.46 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For PTLO Stock
The 24-hour chart illustrates a support level at 13.04, which if violated will result in even more drops to 12.88. On the upside, there is a resistance level at 13.36. A further resistance level may holdings at 13.52. The Relative Strength Index (RSI) on the 14-day chart is 44.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 34.92% indicates the stock is a holding.
How much short interest is there in Portillos Inc?
A steep rise in short interest was recorded in Portillos Inc stocks on Feb 29, 2024, growing by 0.23 million shares to a total of 4.17 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.94 million shares. There was a rise of 5.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.16% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.78.
