Papa JohnS International (PZZA) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $11.61 million worth of transactions were on upticks, whereas, the downticks accounted for $2.72 million worth of transactions. The net money flow was a positive $8.89 million and the uptick to downtick ratio was 4.27. The net money flow into the stock was $8.7 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $8.7 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Papa JohnS International (PZZA) was trading at $74.72, down $0.64 during day. The stock slid -0.85% over the previous days close. For the week, the stock recorded 0.36% over the previous weeks close.
Also, KeyBanc upgrades its view on Papa JohnS International (NASDAQ:PZZA) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Sector Weight. The rating by the firm was issued on July 20, 2016.
Papa Johns International Inc. has dropped 1.48% in the last five trading days, however, the shares have posted positive gains of 0.95% in the last 4 weeks. Papa Johns International Inc. is up 19.29% in the last 3-month period. Year-to-Date the stock performance stands at 35%.
Papa JohnS International (NASDAQ:PZZA): The stock opened at $75.23 on Tuesday but the bulls could not build on the opening and the stock topped out at $75.48 for the day. The stock traded down to $74.58 during the day, due to lack of any buying support eventually closed down at $74.72 with a loss of -0.85% for the day. The stock had closed at $75.36 on the previous day. The total traded volume was 281,248 shares.
In a related news,The officer (President and COO) of Papa Johns International Inc, Ritchie Steve M sold 12,836 shares at $74.73 on August 12, 2016. The Insider selling transaction had a total value worth of $959,234. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Papa Johns International, Inc. (Papa Johns) operates and franchises pizza delivery and carryout restaurants. The Company operates these restaurants in international markets, dine-in and delivery restaurants under the trademark Papa Johns. Papa Johns operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units. North America is defined as the United States and Canada. Domestic is defined as the contiguous United States. International franchisees are defined as all franchise operations outside of the United States and Canada. The Company owns full-service international QC Centers in the United Kingdom, Mexico City, Mexico and Beijing, China. Its other international QC Centers are licensed to franchisees or non-franchisee third parties and are located in the markets where the Companys franchisees have restaurants.