The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. El Pollo Loco Holdings Inc shares valued at $1,342,000 were purchased by BIGLARI, SARDAR on Aug 20 ’24. At $13.42 per share, BIGLARI, SARDAR acquired 100,000 shares. The insider’s holdings grew to 321,570 shares worth approximately $4.06 million following the completion of this transaction.
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Also, BIGLARI, SARDAR purchased 62,329 shares, netting a total of over 838,948 in proceeds. Following the buying of shares at $13.46 each, the insider now holds 221,570 shares.
Before that, BIGLARI, SARDAR had added 62,362 shares to its account. In a trade valued at $777,654, the 10% Owner bought El Pollo Loco Holdings Inc shares for $12.47 each. Upon closing the transaction, the insider’s holdings increased to 62,362 shares, worth approximately $1.1 million.
As published in their initiating research note from The Benchmark Company on November 12, 2021, El Pollo Loco Holdings Inc [LOCO] has been a Hold. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early February. As of April 20, 2020, CL King has initiated its “Buy” rating for LOCO. Earlier on April 01, 2020, SunTrust upgraded its rating. Their new recommendation was “a Buy” for LOCO stock which previously was a “a Hold”.
Analyzing LOCO Stock Performance
During the last five days, there has been a surge of approximately 5.43%. Over the course of the year, El Pollo Loco Holdings Inc shares have jumped approximately 43.20%. Shares of the company reached a 52-week high of $14.25 on 08/28/24 and a 52-week low of $8.17 on 04/18/24. A 50-day SMA is recorded $12.99, while a 200-day SMA reached $11.24. Nevertheless, trading volume fell to 0.17 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for El Pollo Loco Holdings Inc (LOCO)
According to the 24-hour chart, there is a support level at 12.52, which, if violated, would cause prices to drop to 12.41. In the upper region, resistance lies at 12.82. The next price resistance is at 13.01. RSI (Relative Strength Index) is 49.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 39.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
