Aug. 1 at 2:47 AM
$PTLO look at that weekly volume pattern in 2025! This volume pattern is reverse of most newly IPOd names which see incredible volumes followed by normalization with some dips and rips here and there around key events. Portillo’s instead has seen avg daily volumes in the Millions in 2025 and an increase in volume through the front half of the year while the price has created some sort of wedge shape. Have MM’s been creating a floor of accumulation to moonshot it back towards
$20 or is it institutes getting out before it dumps to new ATL’s sub
$8? You tell me! But something is up in this name! I personally love the company and think the turnaround and growth story is entering actualization phase, BUT I do not love the charts here. So I am torn! This name is all about timing, it will eventually rip when it goes private, but that could be at
$4 or
$30, so lots of gambling to do here
