Portillos Inc’s recently made public that its Chief Marketing Officer Scarpino Nicholas Anthony unloaded Company’s shares for reported $1.14 million on Aug 15 ’24. In the deal valued at $11.75 per share,96,722 shares were sold. As a result of this transaction, Scarpino Nicholas Anthony now holds 28,450 shares worth roughly $0.37 million.
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Then, Scarpino Nicholas Anthony bought 96,722 shares, generating $1,135,931 in total proceeds.
Before that, Osanloo Michael sold 66,052 shares. Portillos Inc shares valued at $679,675 were divested by the President & CEO at a price of $10.29 per share. As a result of the transaction, Osanloo Michael now holds 79,041 shares, worth roughly $1.01 million.
A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in early November with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering PTLO and has decreased its forecast on October 11, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Morgan Stanley maintained its rating on July 17, 2023. It rated PTLO as “an Overweight”.
Price Performance Review of PTLO
On Friday, Portillos Inc [NASDAQ:PTLO] saw its stock jump 3.63% to $12.83. Over the last five days, the stock has gained 9.38%. Portillos Inc shares have fallen nearly -19.46% since the year began. Nevertheless, the stocks have fallen -23.63% over the past one year. While a 52-week high of $17.10 was reached on 02/27/24, a 52-week low of $8.66 was recorded on 08/05/24. SMA at 50 days reached $10.81, while 200 days put it at $12.43.
Levels Of Support And Resistance For PTLO Stock
The 24-hour chart illustrates a support level at 12.55, which if violated will result in even more drops to 12.28. On the upside, there is a resistance level at 13.00. A further resistance level may holdings at 13.18. The Relative Strength Index (RSI) on the 14-day chart is 68.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.26%. Stochastics %K at 67.40% indicates the stock is a holding.
How much short interest is there in Portillos Inc?
A steep rise in short interest was recorded in Portillos Inc stocks on 2024-08-30, growing by 1.04 million shares to a total of 9.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.63 million shares. There was a rise of 10.75%, which implies that there is a positive sentiment for the stock.
