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Popular Inc. (BPOP) gets rating Reiterated from Hovde Group

Popular Inc.’s recent filing unveils that its EXECUTIVE VICE PRESIDENT MONZON GILBERTO unloaded Company’s shares for reported $0.43 million on Jun 06 ’24. In the deal valued at $85.80 per share,5,000 shares were sold. As a result of this transaction, MONZON GILBERTO now holds 48,320 shares worth roughly $4.14 million.

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Then, CHINEA MANUEL sold 12,000 shares, generating $1,088,460 in total proceeds. Upon selling the shares at $90.70, the Executive Vice President now owns 27,086 shares.

Before that, BALLESTER ALEJANDRO M sold 572 shares. Popular Inc. shares valued at $49,431 were divested by the Director at a price of $86.42 per share. As a result of the transaction, BALLESTER ALEJANDRO M now holds 0 shares, worth roughly $0.0.

Hovde Group reiterated its Popular Inc. [BPOP] rating to an Outperform in a research note published on April 24, 2024; the price target was $113. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Citigroup began covering BPOP with “Buy” recommendation on December 01, 2023. BofA Securities started covering the stock on October 10, 2023. It rated BPOP as “a Neutral”.

Price Performance Review of BPOP

On Friday, Popular Inc. [NASDAQ:BPOP] saw its stock fall -1.95% to $85.64. Over the last five days, the stock has lost -0.53%. Popular Inc. shares have risen nearly 4.35% since the year began. Nevertheless, the stocks have risen 39.77% over the past one year. While a 52-week high of $93.09 was reached on 05/17/24, a 52-week low of $59.15 was recorded on 01/17/24. SMA at 50 days reached $87.79, while 200 days put it at $79.79. A total of 0.52 million shares were traded, compared to the trading of 0.19 million shares in the previous session.

Levels Of Support And Resistance For BPOP Stock

The 24-hour chart illustrates a support level at 84.90, which if violated will result in even more drops to 84.17. On the upside, there is a resistance level at 86.78. A further resistance level may holdings at 87.93. The Relative Strength Index (RSI) on the 14-day chart is 44.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.13%. Stochastics%K at 64.84% indicates the stock is a holding.

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