Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.18 million following the completion of this transaction.
As published in a research note from Stifel on April 22, 2024, Papa John’s International, Inc. [PZZA] has been rated up from a Sell to a Hold and the price target has been revised to $60 from $65. As of March 22, 2024, BTIG Research has decreased its “Buy” rating to a “Neutral” for PZZA. Earlier on January 05, 2024, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for PZZA stock which previously was a “an Outperform”.
Analyzing PZZA Stock Performance
During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, Papa John’s International, Inc. shares have dropped approximately -17.47%. 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 $67.78, while a 200-day SMA reached $71.56. Nevertheless, trading volume fell to 0.55 million shares from 0.68 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 62.35, which, if violated, would cause prices to drop to 61.78. In the upper region, resistance lies at 63.78. The next price resistance is at 64.65. RSI (Relative Strength Index) is 41.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.05, which suggests the price will increase in the coming days. Percent R is at 39.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
