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 $0.38 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 $1.04 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 4.35% to $13.20. Portillos Inc shares have fallen nearly -17.14% since the year began. Nevertheless, the stocks have fallen -15.98% over the past one year. While a 52-week high of $16.98 was reached on 02/27/24, a 52-week low of $8.66 was recorded on 08/05/24. SMA at 50 days reached $11.89, while 200 days put it at $12.22.
Levels Of Support And Resistance For PTLO Stock
The 24-hour chart illustrates a support level at 12.92, which if violated will result in even more drops to 12.64. On the upside, there is a resistance level at 13.36. A further resistance level may holdings at 13.52. The Relative Strength Index (RSI) on the 14-day chart is 58.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.45%. Stochastics %K at 30.19% 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 2024-09-13, dropping by -0.51 million shares to a total of 9.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.73 million shares. There was a decline of -5.52%, which implies that there is a negative sentiment for the stock.
