Portillos Inc’s recent filing unveils 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 $0.26 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 $0.71 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 Tuesday, Portillos Inc [NASDAQ:PTLO] saw its stock jump 0.11% to $8.99. Over the last five days, the stock has lost -12.63%. Portillos Inc shares have fallen nearly -43.57% since the year began. Nevertheless, the stocks have fallen -44.85% over the past one year. While a 52-week high of $16.85 was reached on 02/27/24, a 52-week low of $8.66 was recorded on 08/05/24. SMA at 50 days reached $11.74, while 200 days put it at $11.55.
Levels Of Support And Resistance For PTLO Stock
The 24-hour chart illustrates a support level at 8.79, which if violated will result in even more drops to 8.58. On the upside, there is a resistance level at 9.18. A further resistance level may holdings at 9.38. The Relative Strength Index (RSI) on the 14-day chart is 20.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.85%. Stochastics %K at 2.89% 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 2024-11-29, dropping by -1.26 million shares to a total of 6.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.22 million shares. There was a decline of -18.11%, which implies that there is a negative sentiment for the stock.
