In a filing, Potbelly Corp revealed its President and CEO Wright Robert D. acquired Company’s shares for reported $12963.0 on May 15 ’24. In the deal valued at $8.94 per share,1,450 shares were bought. As a result of this transaction, Wright Robert D. now holds 726,413 shares worth roughly $6.31 million.
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Then, Cirulis Steven bought 1,141 shares, generating $10,007 in total proceeds. Upon buying the shares at $8.77, the SVP, Chief Financial Officer now owns 339,609 shares.
Before that, Wright Robert D. bought 1,750 shares. Potbelly Corp shares valued at $20,335 were divested by the President and CEO at a price of $11.62 per share. As a result of the transaction, Wright Robert D. now holds 728,045 shares, worth roughly $6.32 million.
The Benchmark Company upgraded its Potbelly Corp [PBPB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Craig Hallum began covering PBPB with “Buy” recommendation on October 17, 2023. The Benchmark Company started covering the stock on October 03, 2023. It rated PBPB as “a Hold”.
Price Performance Review of PBPB
On Tuesday, Potbelly Corp [NASDAQ:PBPB] saw its stock fall -0.34% to $8.68. Over the last five days, the stock has lost -1.25%. Potbelly Corp shares have fallen nearly -16.70% since the year began. Nevertheless, the stocks have risen 3.70% over the past one year. While a 52-week high of $14.36 was reached on 03/04/24, a 52-week low of $7.12 was recorded on 05/21/24. SMA at 50 days reached $10.58, while 200 days put it at $10.12. A total of 0.23 million shares were traded, compared to the trading of 0.12 million shares in the previous session.
Levels Of Support And Resistance For PBPB Stock
The 24-hour chart illustrates a support level at 8.52, which if violated will result in even more drops to 8.35. On the upside, there is a resistance level at 8.85. A further resistance level may holdings at 9.01. The Relative Strength Index (RSI) on the 14-day chart is 23.87, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.75%. Stochastics %K at 8.14% indicates the stock is a buying.
