Potbelly Corp’s recently made public that its 10% Owner Nierenberg David acquired Company’s shares for reported $44367.0 on Dec 18 ’24. In the deal valued at $9.36 per share,4,740 shares were bought. As a result of this transaction, Nierenberg David now holds 3,150 shares worth roughly $29610.0.
Then, Nierenberg Investment Manageme bought 45,772 shares, generating $296,603 in total proceeds. Upon buying the shares at $6.48, the 10% Owner now owns 1,546,211 shares.
Before that, Nierenberg Investment Manageme bought 23,394 shares. Potbelly Corp shares valued at $154,868 were divested by the 10% Owner at a price of $6.62 per share. As a result of the transaction, Nierenberg Investment Manageme now holds 1,561,985 shares, worth roughly $14.68 million.
The Benchmark Company upgraded its Potbelly Corp [PBPB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Craig Hallum began covering PBPB with “Buy” recommendation on October 17, 2023. The Benchmark Company started covering the stock on October 03, 2023. It rated PBPB as “a Hold”.
Price Performance Review of PBPB
On Tuesday, Potbelly Corp [NASDAQ:PBPB] saw its stock jump 2.06% to $9.40. Over the last five days, the stock has lost -1.67%. Potbelly Corp shares have fallen nearly -9.79% since the year began. Nevertheless, the stocks have fallen -11.24% over the past one year. While a 52-week high of $14.36 was reached on 03/04/24, a 52-week low of $6.28 was recorded on 08/05/24. SMA at 50 days reached $9.24, while 200 days put it at $8.86.
Levels Of Support And Resistance For PBPB Stock
The 24-hour chart illustrates a support level at 9.20, which if violated will result in even more drops to 9.00. On the upside, there is a resistance level at 9.51. A further resistance level may holdings at 9.63. The Relative Strength Index (RSI) on the 14-day chart is 46.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.57%. Stochastics %K at 16.23% indicates the stock is a buying.
How much short interest is there in Potbelly Corp?
A steep rise in short interest was recorded in Potbelly Corp stocks on 2024-11-29, dropping by 9427.0 shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.62 million shares. There was a decline of -1.54%, which implies that there is a negative sentiment for the stock.
