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The Attractiveness of Investing In Popular Inc (BPOP) is Growing

Popular Inc’s recently made public that its EVP & Chief Security Officer Castellvi Beatriz unloaded Company’s shares for reported $0.35 million on Nov 06 ’24. In the deal valued at $99.16 per share,3,500 shares were sold. As a result of this transaction, Castellvi Beatriz now holds 25,115 shares worth roughly $2.44 million.

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Then, Rodriguez Adorno Denissa sold 1,825 shares, generating $178,315 in total proceeds. Upon selling the shares at $97.71, the Senior VP & Comptroller now owns 3,332 shares.

Before that, Burckhart Camille sold 5,917 shares. Popular Inc shares valued at $577,499 were divested by the Executive Vice President at a price of $97.60 per share. As a result of the transaction, Burckhart Camille now holds 29,922 shares, worth roughly $2.91 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 Monday, Popular Inc [NASDAQ:BPOP] saw its stock jump 3.16% to $97.31. Over the last five days, the stock has gained 9.14%. Popular Inc shares have risen nearly 18.57% since the year began. Nevertheless, the stocks have risen 44.48% over the past one year. While a 52-week high of $105.01 was reached on 07/24/24, a 52-week low of $66.72 was recorded on 01/17/24. SMA at 50 days reached $96.68, while 200 days put it at $91.03.

Levels Of Support And Resistance For BPOP Stock

The 24-hour chart illustrates a support level at 95.81, which if violated will result in even more drops to 94.30. On the upside, there is a resistance level at 98.72. A further resistance level may holdings at 100.12. The Relative Strength Index (RSI) on the 14-day chart is 54.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.46%. Stochastics %K at 68.47% 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 2024-10-15, growing by 0.26 million shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.73 million shares. There was a rise of 26.2%, 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.

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