Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Portillos Inc shares valued at $1,136,099 were sold by Scarpino Nicholas Anthony on Aug 15 ’24. At $11.75 per share, Scarpino Nicholas Anthony sold 96,722 shares. The insider’s holdings dropped to 28,450 shares worth approximately $0.4 million following the completion of this transaction.
Also, Scarpino Nicholas Anthony purchased 96,722 shares, netting a total of over 1,135,931 in proceeds.
Before that, Osanloo Michael had sold 66,052 shares from its account. In a trade valued at $679,675, the President & CEO traded Portillos Inc shares for $10.29 each. Upon closing the transaction, the insider’s holdings decreased to 66,052 shares, worth approximately $1.1 million.
As published in a research note from Stifel on January 27, 2025, Portillos Inc [PTLO] has been rated up from a Hold to a Buy and the price target has been revised to $16 from $13. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of October 07, 2024, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for PTLO.
Analyzing PTLO Stock Performance
During the last five days, there has been a surge of approximately 18.49%. Over the course of the year, Portillos Inc shares have jumped approximately 48.62%. Shares of the company reached a 52-week high of $14.72 on 01/29/25 and a 52-week low of $9.06 on 01/10/25. A 50-day SMA is recorded $10.59, while a 200-day SMA reached $11.16. Nevertheless, trading volume fell to 1.53 million shares from 3.16 million shares the previous day.
Support And Resistance Levels for Portillos Inc (PTLO)
According to the 24-hour chart, there is a support level at 13.70, which, if violated, would cause prices to drop to 13.43. In the upper region, resistance lies at 14.48. The next price resistance is at 14.99. RSI (Relative Strength Index) is 73.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.06, which suggests the price will increase in the coming days. Percent R is at 13.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
