Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Papa John’s International, Inc. shares valued at $202,625 were sold by KOELLNER LAURETTE T on Mar 07 ’24. At $70.21 per share, KOELLNER LAURETTE T sold 2,886 shares. The insider’s holdings dropped to 18,804 shares worth approximately $1.15 million following the completion of this transaction.
Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of January 05, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for PZZA. Earlier on January 04, 2024, Stifel downgraded its rating. Their new recommendation was “a Sell” for PZZA stock which previously was a “a Hold”.
Analyzing PZZA Stock Performance
During the last five days, there has been a drop of approximately -2.40%. Over the course of the year, Papa John’s International, Inc. shares have dropped approximately -19.52%. Shares of the company reached a 52-week high of $78.67 on 01/24/24 and a 52-week low of $60.24 on 04/18/24. A 50-day SMA is recorded $68.74, while a 200-day SMA reached $71.87. Nevertheless, trading volume fell to 0.8 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Papa John’s International, Inc. (PZZA)
According to the 24-hour chart, there is a support level at 60.61, which, if violated, would cause prices to drop to 59.86. In the upper region, resistance lies at 61.73. The next price resistance is at 62.10. RSI (Relative Strength Index) is 31.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.28, which suggests the price will decrease in the coming days. Percent R is at 86.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
