Popular Inc.’s recently made public 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 $2.2 million.
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 $7.28 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 Monday, Popular Inc. [NASDAQ:BPOP] saw its stock fall -0.47% to $82.36. Over the last five days, the stock has lost -4.12%. Popular Inc. shares have risen nearly 0.35% since the year began. Nevertheless, the stocks have risen 38.10% 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 $84.48, while 200 days put it at $73.97. A total of 0.51 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For BPOP Stock
The 24-hour chart illustrates a support level at 81.35, which if violated will result in even more drops to 80.34. On the upside, there is a resistance level at 83.83. A further resistance level may holdings at 85.29. The Relative Strength Index (RSI) on the 14-day chart is 40.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.67%. Stochastics %K at 8.57% indicates the stock is a buying.
