Potbelly Corp’s recent filing unveils that its SVP, Chief Operating Officer Noyes Adam acquired Company’s shares for reported $13638.0 on May 23 ’24. In the deal valued at $8.45 per share,1,614 shares were bought. As a result of this transaction, Noyes Adam now holds 321,041 shares worth roughly $2.58 million.
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Then, McKee Karen Lynette bought 1,000 shares, generating $8,720 in total proceeds. Upon buying the shares at $8.72, the SVP, Franchising now owns 7,172 shares.
Before that, Wright Robert D. bought 1,450 shares. Potbelly Corp shares valued at $12,963 were divested by the President and CEO at a price of $8.94 per share. As a result of the transaction, Wright Robert D. now holds 726,413 shares, worth roughly $5.83 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 Friday, Potbelly Corp [NASDAQ:PBPB] saw its stock jump 2.55% to $8.03. Over the last five days, the stock has gained 10.91%. Potbelly Corp shares have fallen nearly -22.94% since the year began. Nevertheless, the stocks have fallen -4.63% 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 06/20/24. SMA at 50 days reached $8.89, while 200 days put it at $10.11. A total of 0.51 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For PBPB Stock
The 24-hour chart illustrates a support level at 7.85, which if violated will result in even more drops to 7.68. On the upside, there is a resistance level at 8.12. A further resistance level may holdings at 8.22. The Relative Strength Index (RSI) on the 14-day chart is 46.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.86%. Stochastics%K at 58.97% indicates the stock is a holding.
