Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Potbelly Corp shares valued at $296,603 were purchased by Nierenberg Investment Manageme on Aug 05 ’24. At $6.48 per share, Nierenberg Investment Manageme acquired 45,772 shares. The insider’s holdings grew to 1,546,211 shares worth approximately $15.77 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Nierenberg Investment Manageme purchased 23,394 shares, netting a total of over 154,868 in proceeds. Following the buying of shares at $6.62 each, the insider now holds 1,561,985 shares.
Before that, Nierenberg Investment Manageme had added 5,179 shares to its account. In a trade valued at $34,130, the 10% Owner bought Potbelly Corp shares for $6.59 each. Upon closing the transaction, the insider’s holdings increased to 5,179 shares, worth approximately $15.8 million.
As published in a research note from The Benchmark Company on January 12, 2024, Potbelly Corp [PBPB] has been rated up from a Hold to a Buy and the price target has been revised to $15. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of October 17, 2023, Craig Hallum has initiated its “Buy” rating for PBPB. Earlier on October 03, 2023, The Benchmark Company initiated its rating. Their recommendation was “a Hold” for PBPB stock.
Analyzing PBPB Stock Performance
During the last five days, there has been a surge of approximately 5.64%. Over the course of the year, Potbelly Corp shares have dropped approximately -2.11%. Shares of the company reached a 52-week high of $14.36 on 03/04/24 and a 52-week low of $6.28 on 08/05/24. A 50-day SMA is recorded $8.66, while a 200-day SMA reached $9.17. Nevertheless, trading volume fell to 81678.0 shares from 0.13 million shares the previous day.
Support And Resistance Levels for Potbelly Corp (PBPB)
According to the 24-hour chart, there is a support level at 10.07, which, if violated, would cause prices to drop to 9.93. In the upper region, resistance lies at 10.31. The next price resistance is at 10.41. RSI (Relative Strength Index) is 64.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 27.82%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
