Freshpet Inc’s filing revealed that its President and COO Morris Scott James unloaded Company’s shares for reported $0.28 million on Mar 04 ’24. In the deal valued at $112.02 per share,2,500 shares were sold. As a result of this transaction, Morris Scott James now holds 122,380 shares worth roughly $14.2 million.
Then, Morris Scott James sold 2,500 shares, generating $284,395 in total proceeds. Upon selling the shares at $113.76, the President and COO now owns 122,380 shares.
Before that, Macchiaverna Stephen sold 7,130 shares. Freshpet Inc shares valued at $773,840 were divested by the EVP, Secretary Treasurer at a price of $108.53 per share. As a result of the transaction, Macchiaverna Stephen now holds 85,056 shares, worth roughly $9.87 million.
Truist upgraded its Freshpet Inc [FRPT] rating to a Buy from a a Hold in a research note published on March 11, 2024; the price target was increased to $135 from $120. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. Jefferies began covering FRPT with “Hold” recommendation on December 19, 2023. Wells Fargo started covering the stock on December 12, 2023. It rated FRPT as “an Overweight”.
Price Performance Review of FRPT
On Friday, Freshpet Inc [NASDAQ:FRPT] saw its stock jump 3.99% to $116.02. Over the last five days, the stock has gained 0.14%. Freshpet Inc shares have risen nearly 33.73% since the year began. Nevertheless, the stocks have risen 72.98% over the past one year. While a 52-week high of $116.96 was reached on 03/25/24, a 52-week low of $54.60 was recorded on 01/04/24. SMA at 50 days reached $101.97, while 200 days put it at $79.03. A total of 0.54 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For FRPT Stock
The 24-hour chart illustrates a support level at 112.63, which if violated will result in even more drops to 109.23. On the upside, there is a resistance level at 118.02. A further resistance level may holdings at 120.01. The Relative Strength Index (RSI) on the 14-day chart is 65.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.89%. Stochastics %K at 59.10% indicates the stock is a holding.
How much short interest is there in Freshpet Inc?
A steep rise in short interest was recorded in Freshpet Inc stocks on Mar 15, 2024, dropping by -0.28 million shares to a total of 5.28 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.56 million shares. There was a decline of -5.3%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.04% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.95.
The most recent change occurred on December 08, 2023 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $104 price target.
