Portillos Inc’s recent filing unveils 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 $0.35 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 $0.98 million.
Stephens downgraded its Portillos Inc [PTLO] rating to an Equal-weight from a an Overweight in a research note published recently. Stephens began covering PTLO with “an Overweight” recommendation on November 10, 2023. Morgan Stanley revised its rating on October 11, 2023. It rated PTLO as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of PTLO
On Friday, Portillos Inc [NASDAQ:PTLO] saw its stock fall -0.56% to $12.38. Over the last five days, the stock has lost -1.12%. Portillos Inc shares have fallen nearly -22.28% since the year began. Nevertheless, the stocks have fallen -15.61% 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 $12.41, while 200 days put it at $12.04.
Levels Of Support And Resistance For PTLO Stock
The 24-hour chart illustrates a support level at 12.16, which if violated will result in even more drops to 11.93. On the upside, there is a resistance level at 12.57. A further resistance level may holdings at 12.75. The Relative Strength Index (RSI) on the 14-day chart is 47.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.68%. Stochastics %K at 31.52% 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 2024-09-30, dropping by -1.24 million shares to a total of 8.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.67 million shares. There was a decline of -14.69%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 17, 2023 when Morgan Stanley resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $28.
