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 $44,367 were purchased by Nierenberg David on Dec 18 ’24. At $9.36 per share, Nierenberg David acquired 4,740 shares. The insider’s holdings grew to 3,150 shares worth approximately $28381.5 following the completion of this transaction.
Also, Nierenberg Investment Manageme purchased 45,772 shares, netting a total of over 296,603 in proceeds. Following the buying of shares at $6.48 each, the insider now holds 1,546,211 shares.
Before that, Nierenberg Investment Manageme had added 23,394 shares to its account. In a trade valued at $154,868, the 10% Owner bought Potbelly Corp shares for $6.62 each. Upon closing the transaction, the insider’s holdings increased to 23,394 shares, worth approximately $14.07 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 drop of approximately -4.35%. Over the course of the year, Potbelly Corp shares have dropped approximately -4.35%. Shares of the company reached a 52-week high of $9.74 on 01/02/25 and a 52-week low of $8.87 on 01/08/25. A 50-day SMA is recorded $9.44, while a 200-day SMA reached $8.74. Nevertheless, trading volume fell to 0.1 million shares from 99300.0 shares the previous day.
Support And Resistance Levels for Potbelly Corp (PBPB)
According to the 24-hour chart, there is a support level at 8.86, which, if violated, would cause prices to drop to 8.70. In the upper region, resistance lies at 9.18. The next price resistance is at 9.34. RSI (Relative Strength Index) is 40.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 83.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
