Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Papa John’s International, Inc. shares valued at $99,579 were purchased by Thanawala Ravi on May 14 ’24. At $52.41 per share, Thanawala Ravi acquired 1,900 shares. The insider’s holdings grew to 38,920 shares worth approximately $1.84 million following the completion of this transaction.
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Also, KOELLNER LAURETTE T sold 2,886 shares, netting a total of over 202,625 in proceeds. Following the sale of shares at $70.21 each, the insider now holds 18,804 shares.
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 1.33%. Over the course of the year, Papa John’s International, Inc. shares have dropped approximately -38.12%. Shares of the company reached a 52-week high of $78.67 on 01/24/24 and a 52-week low of $46.20 on 05/31/24. A 50-day SMA is recorded $57.38, while a 200-day SMA reached $67.57. Nevertheless, trading volume fell to 0.86 million shares from 0.85 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 46.51, which, if violated, would cause prices to drop to 45.86. In the upper region, resistance lies at 47.60. The next price resistance is at 48.04. RSI (Relative Strength Index) is 27.96 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 83.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
