Popular Inc.’s recent filing unveils that its Executive Vice President Burckhart Camille unloaded Company’s shares for reported $0.58 million on Aug 20 ’24. In the deal valued at $97.60 per share,5,917 shares were sold. As a result of this transaction, Burckhart Camille now holds 29,922 shares worth roughly $2.99 million.
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Then, Camille Burckhart bought 5,917 shares, generating $586,611 in total proceeds.
Before that, MONZON GILBERTO sold 5,000 shares. Popular Inc. shares valued at $429,005 were divested by the EXECUTIVE VICE PRESIDENT at a price of $85.80 per share. As a result of the transaction, MONZON GILBERTO now holds 48,320 shares, worth roughly $4.83 million.
Wells Fargo downgraded its Popular Inc. [BPOP] rating to an Equal weight from a an Overweight in a research note published on October 01, 2024; the price target was decreased to $105 from $115. Hovde Group also remained covering BPOP and reiterated its “an Outperform” recommendation on July 25, 2024. Hovde Group maintained its rating on April 24, 2024. It rated BPOP as “an Outperform”.
Price Performance Review of BPOP
On Tuesday, Popular Inc. [NASDAQ:BPOP] saw its stock jump 1.88% to $99.93. Over the last five days, the stock has lost -2.04%. Popular Inc. shares have risen nearly 21.76% since the year began. Nevertheless, the stocks have risen 65.04% over the past one year. While a 52-week high of $105.01 was reached on 07/24/24, a 52-week low of $59.27 was recorded on 01/17/24. SMA at 50 days reached $98.70, while 200 days put it at $90.38.
Levels Of Support And Resistance For BPOP Stock
The 24-hour chart illustrates a support level at 98.58, which if violated will result in even more drops to 97.22. On the upside, there is a resistance level at 100.81. A further resistance level may holdings at 101.68. The Relative Strength Index (RSI) on the 14-day chart is 52.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.23%. Stochastics %K at 59.66% indicates the stock is a holding.
How much short interest is there in Popular Inc.?
A steep rise in short interest was recorded in Popular Inc. stocks on 2024-09-30, growing by 40815.0 shares to a total of 0.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.83 million shares. There was a rise of 4.68%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 08, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $99 price target.
