Portillos Inc’s filing revealed 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.
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 $1.87 million.
A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in early November with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering PTLO and has decreased its forecast on October 11, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Morgan Stanley maintained its rating on July 17, 2023. It rated PTLO as “an Overweight”.
Price Performance Review of PTLO
On Tuesday, Portillos Inc [NASDAQ:PTLO] saw its stock jump 1.97% to $12.93. Over the last five days, the stock has lost -3.94%. Portillos Inc shares have fallen nearly -18.83% since the year began. Nevertheless, the stocks have fallen -34.86% 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 04/16/24. SMA at 50 days reached $13.61, while 200 days put it at $16.16. A total of 1.52 million shares were traded, compared to the trading of 0.95 million shares in the previous session.
Levels Of Support And Resistance For PTLO Stock
The 24-hour chart illustrates a support level at 12.43, which if violated will result in even more drops to 11.93. On the upside, there is a resistance level at 13.26. A further resistance level may holdings at 13.60. The Relative Strength Index (RSI) on the 14-day chart is 43.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.48%. Stochastics %K at 12.63% indicates the stock is a buying.
