Portillos Inc’s recently made public 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 $0.32 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 $0.89 million.
Stifel downgraded its Portillos Inc [PTLO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal-weight”. Stephens started covering the stock on November 10, 2023. It rated PTLO as “an Overweight”.
Price Performance Review of PTLO
On Monday, Portillos Inc [NASDAQ:PTLO] saw its stock jump 4.20% to $11.30. Over the last five days, the stock has gained 3.57%. Portillos Inc shares have fallen nearly -29.06% since the year began. Nevertheless, the stocks have fallen -24.47% over the past one year. While a 52-week high of $16.92 was reached on 02/27/24, a 52-week low of $8.66 was recorded on 08/05/24. SMA at 50 days reached $12.56, while 200 days put it at $11.83.
Levels Of Support And Resistance For PTLO Stock
The 24-hour chart illustrates a support level at 11.00, which if violated will result in even more drops to 10.70. On the upside, there is a resistance level at 11.55. A further resistance level may holdings at 11.80. The Relative Strength Index (RSI) on the 14-day chart is 40.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.75%. Stochastics %K at 12.33% indicates the stock is a buying.
How much short interest is there in Portillos Inc?
A steep rise in short interest was recorded in Portillos Inc stocks on 2024-10-31, dropping by -0.21 million shares to a total of 8.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.43 million shares. There was a decline of -2.6%, which implies that there is a negative sentiment for the stock.
