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Papa John’s International, Inc. (PZZA) gets rating Upgrade from Stifel

In a filing, Papa John’s International, Inc. revealed its Director KOELLNER LAURETTE T unloaded Company’s shares for reported $0.2 million on Mar 07 ’24. In the deal valued at $70.21 per share,2,886 shares were sold. As a result of this transaction, KOELLNER LAURETTE T now holds 18,804 shares worth roughly $1.16 million.

Stifel upgraded its Papa John’s International, Inc. [PZZA] rating to a Hold from a a Sell in a research note published on April 22, 2024; the price target was decreased to $60 from $65. BTIG Research also remained covering PZZA and has decreased its forecast on March 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Oppenheimer revised its rating on January 05, 2024. It rated PZZA as “a Perform” which previously was an “an Outperform”.

Price Performance Review of PZZA

On Tuesday, Papa John’s International, Inc. [NASDAQ:PZZA] saw its stock fall -1.53% to $61.69. Over the last five days, the stock has lost -4.00%. Papa John’s International, Inc. shares have fallen nearly -19.07% since the year began. Nevertheless, the stocks have fallen -17.52% over the past one year. While a 52-week high of $86.38 was reached on 01/24/24, a 52-week low of $60.24 was recorded on 04/18/24. SMA at 50 days reached $67.16, while 200 days put it at $71.36. A total of 0.66 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For PZZA Stock

The 24-hour chart illustrates a support level at 60.93, which if violated will result in even more drops to 60.16. On the upside, there is a resistance level at 62.68. A further resistance level may holdings at 63.66. The Relative Strength Index (RSI) on the 14-day chart is 37.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.27%. Stochastics %K at 50.56% indicates the stock is a holding.

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