Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Popular Inc. shares valued at $577,499 were sold by Burckhart Camille on Aug 20 ’24. At $97.60 per share, Burckhart Camille sold 5,917 shares. The insider’s holdings dropped to 29,922 shares worth approximately $2.71 million following the completion of this transaction.
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Also, Camille Burckhart purchased 5,917 shares, netting a total of over 586,611 in proceeds.
Before that, MONZON GILBERTO had sold 5,000 shares from its account. In a trade valued at $429,005, the EXECUTIVE VICE PRESIDENT traded Popular Inc. shares for $85.80 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $4.38 million.
As published in a research note from Wells Fargo on October 01, 2024, Popular Inc. [BPOP] has been rated down from an Overweight to an Equal weight and the price target has been revised to $105 from $115. As of July 25, 2024, Hovde Group has reiterated its “an Outperform” rating for BPOP. Earlier on April 24, 2024, Hovde Group resumed its rating. Their recommendation was “an Outperform” for BPOP stock.
Analyzing BPOP Stock Performance
During the last five days, there has been a surge of approximately 1.11%. Over the course of the year, Popular Inc. shares have jumped approximately 10.55%. Shares of the company reached a 52-week high of $105.01 on 07/24/24 and a 52-week low of $79.01 on 01/17/24. A 50-day SMA is recorded $97.78, while a 200-day SMA reached $90.61. Nevertheless, trading volume fell to 0.58 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Popular Inc. (BPOP)
According to the 24-hour chart, there is a support level at 89.49, which, if violated, would cause prices to drop to 88.25. In the upper region, resistance lies at 91.99. The next price resistance is at 93.24. RSI (Relative Strength Index) is 38.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.84, which suggests the price will decrease in the coming days. Percent R is at 77.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
