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Investing in Papa John’s International, Inc. [PZZA]: What You Must Know

Papa John’s International, Inc.’s recently made public that its Interim CEO, and CFO Thanawala Ravi acquired Company’s shares for reported $99579.0 on May 14 ’24. In the deal valued at $52.41 per share,1,900 shares were bought. As a result of this transaction, Thanawala Ravi now holds 38,920 shares worth roughly $1.91 million.

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Then, KOELLNER LAURETTE T sold 2,886 shares, generating $202,625 in total proceeds. Upon selling the shares at $70.21, the Director now owns 18,804 shares.

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 -0.75% to $49.08. Over the last five days, the stock has lost -6.60%. Papa John’s International, Inc. shares have fallen nearly -35.62% since the year began. Nevertheless, the stocks have fallen -33.15% over the past one year. While a 52-week high of $86.38 was reached on 01/24/24, a 52-week low of $48.99 was recorded on 05/21/24. SMA at 50 days reached $62.20, while 200 days put it at $69.37. A total of 1.29 million shares were traded, compared to the trading of 2.79 million shares in the previous session.

Levels Of Support And Resistance For PZZA Stock

The 24-hour chart illustrates a support level at 48.59, which if violated will result in even more drops to 48.10. On the upside, there is a resistance level at 49.85. A further resistance level may holdings at 50.62. The Relative Strength Index (RSI) on the 14-day chart is 13.65, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.33%. Stochastics %K at 2.66% indicates the stock is a buying.

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