Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Papa John’s International, Inc shares valued at $100,680 were purchased by Coleman Christopher L. on Aug 14 ’24. At $44.75 per share, Coleman Christopher L. acquired 2,250 shares. The insider’s holdings grew to 35,069 shares worth approximately $1.75 million following the completion of this transaction.
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Also, Thanawala Ravi purchased 1,900 shares, netting a total of over 99,579 in proceeds. Following the buying of shares at $52.41 each, the insider now holds 38,920 shares.
Before that, KOELLNER LAURETTE T had sold 2,886 shares from its account. In a trade valued at $202,625, the Director traded Papa John’s International, Inc shares for $70.21 each. Upon closing the transaction, the insider’s holdings decreased to 2,886 shares, worth approximately $0.94 million.
As published in a research note from KeyBanc Capital Markets on November 14, 2024, Papa John’s International, Inc [PZZA] has been rated down from an Overweight to a Sector weight. Analysts at Stifel upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in late April. Earlier on March 22, 2024, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for PZZA stock which previously was a “a Buy”.
Analyzing PZZA Stock Performance
During the last five days, there has been a surge of approximately 5.18%. Over the course of the year, Papa John’s International, Inc shares have dropped approximately -34.72%. Shares of the company reached a 52-week high of $78.67 on 01/24/24 and a 52-week low of $39.90 on 07/24/24. A 50-day SMA is recorded $51.58, while a 200-day SMA reached $53.73. Nevertheless, trading volume fell to 0.73 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Papa John’s International, Inc (PZZA)
According to the 24-hour chart, there is a support level at 49.21, which, if violated, would cause prices to drop to 48.67. In the upper region, resistance lies at 50.66. The next price resistance is at 51.57. RSI (Relative Strength Index) is 46.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 65.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
