The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Potbelly Corp shares valued at $70,149 were purchased by Nierenberg David on Jan 07 ’25. At $9.23 per share, Nierenberg David acquired 7,600 shares. The insider’s holdings grew to 101,998 shares worth approximately $1.12 million following the completion of this transaction.
Also, Nierenberg David purchased 4,740 shares, netting a total of over 44,367 in proceeds. Following the buying of shares at $9.36 each, the insider now holds 3,150 shares.
Before that, Nierenberg Investment Manageme had added 45,772 shares to its account. In a trade valued at $296,603, the 10% Owner bought Potbelly Corp shares for $6.48 each. Upon closing the transaction, the insider’s holdings increased to 45,772 shares, worth approximately $16.92 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 4.89%. Over the course of the year, Potbelly Corp shares have jumped approximately 16.14%. Shares of the company reached a 52-week high of $11.35 on 01/22/25 and a 52-week low of $8.78 on 01/10/25. A 50-day SMA is recorded $9.86, while a 200-day SMA reached $8.69. Nevertheless, trading volume fell to 0.58 million shares from 0.14 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 10.63, which, if violated, would cause prices to drop to 10.32. In the upper region, resistance lies at 11.30. The next price resistance is at 11.66. RSI (Relative Strength Index) is 70.48 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.80, which suggests the price will decrease in the coming days. Percent R is at 15.96%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
