Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Portillos Inc shares valued at $1,136,099 were sold by Scarpino Nicholas Anthony on Aug 15 ’24. At $11.75 per share, Scarpino Nicholas Anthony sold 96,722 shares. The insider’s holdings dropped to 28,450 shares worth approximately $0.37 million following the completion of this transaction.
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Also, Scarpino Nicholas Anthony purchased 96,722 shares, netting a total of over 1,135,931 in proceeds.
Before that, Osanloo Michael had sold 66,052 shares from its account. In a trade valued at $679,675, the President & CEO traded Portillos Inc shares for $10.29 each. Upon closing the transaction, the insider’s holdings decreased to 66,052 shares, worth approximately $1.04 million.
As published in a research note from Stifel on November 06, 2024, Portillos Inc [PTLO] has been rated down from a Buy to a Hold and the price target has been revised to $13. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early October. Earlier on November 10, 2023, Stephens initiated its rating. Their recommendation was “an Overweight” for PTLO stock.
Analyzing PTLO Stock Performance
During the last five days, there has been a surge of approximately 0.08%. Over the course of the year, Portillos Inc shares have dropped approximately -17.51%. Shares of the company reached a 52-week high of $16.17 on 02/27/24 and a 52-week low of $8.66 on 08/05/24. A 50-day SMA is recorded $12.74, while a 200-day SMA reached $11.97. Nevertheless, trading volume fell to 1.43 million shares from 1.49 million shares the previous day.
Support And Resistance Levels for Portillos Inc (PTLO)
According to the 24-hour chart, there is a support level at 12.80, which, if violated, would cause prices to drop to 12.45. In the upper region, resistance lies at 13.74. The next price resistance is at 14.33. RSI (Relative Strength Index) is 53.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 55.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
