Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Portillos Inc shares valued at $27,295 were sold by Pratt Derrick Lee on Jan 04 ’24. At $14.94 per share, Pratt Derrick Lee sold 1,827 shares. The insider’s holdings dropped to 23,599 shares worth approximately $0.24 million following the completion of this transaction.
Also, Osanloo Michael sold 1,558 shares, netting a total of over 24,912 in proceeds. Following the sale of shares at $15.99 each, the insider now holds 143,116 shares.
Before that, Osanloo Michael had sold 10,000 shares from its account. In a trade valued at $152,200, the President & CEO traded Portillos Inc shares for $15.22 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.5 million.
Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early November. As of October 11, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for PTLO. Earlier on July 17, 2023, Morgan Stanley resumed its rating. Their recommendation was “an Overweight” for PTLO stock.
Analyzing PTLO Stock Performance
During the last five days, there has been a drop of approximately -13.97%. Over the course of the year, Portillos Inc shares have dropped approximately -35.03%. Shares of the company reached a 52-week high of $16.17 on 02/27/24 and a 52-week low of $10.26 on 05/08/24. A 50-day SMA is recorded $13.00, while a 200-day SMA reached $15.26. Nevertheless, trading volume fell to 2.44 million shares from 1.65 million shares the previous day.
Support And Resistance Levels for Portillos Inc (PTLO)
According to the 24-hour chart, there is a support level at 10.13, which, if violated, would cause prices to drop to 9.91. In the upper region, resistance lies at 10.70. The next price resistance is at 11.05. RSI (Relative Strength Index) is 25.64 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 96.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
