Paragon 28 Inc’s recent filing unveils that its insider DaCosta Albert acquired Company’s shares for reported $0.26 million on Mar 15 ’24. In the deal valued at $9.12 per share,28,000 shares were bought. As a result of this transaction, DaCosta Albert now holds 5,339,110 shares worth roughly $56.59 million.
Then, DaCosta Albert bought 30,500 shares, generating $259,555 in total proceeds. Upon buying the shares at $8.51, the insider now owns 5,311,110 shares.
Before that, SCHNETTLER THOMAS P sold 6,900 shares. Paragon 28 Inc shares valued at $127,952 were divested by the Director at a price of $18.54 per share. As a result of the transaction, SCHNETTLER THOMAS P now holds 29,129 shares, worth roughly $0.31 million.
William Blair initiated its Paragon 28 Inc [FNA] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid April with a ‘”an Overweight”‘ rating.
Price Performance Review of FNA
On Tuesday, Paragon 28 Inc [NYSE:FNA] saw its stock jump 4.74% to $10.60. Over the last five days, the stock has lost -9.32%. Paragon 28 Inc shares have fallen nearly -14.72% since the year began. Nevertheless, the stocks have fallen -37.94% over the past one year. While a 52-week high of $19.72 was reached on 02/12/24, a 52-week low of $7.95 was recorded on 03/18/24. SMA at 50 days reached $11.85, while 200 days put it at $12.62. A total of 0.76 million shares were traded, compared to the trading of 2.09 million shares in the previous session.
Levels Of Support And Resistance For FNA Stock
The 24-hour chart illustrates a support level at 10.24, which if violated will result in even more drops to 9.88. On the upside, there is a resistance level at 10.86. A further resistance level may holdings at 11.12. The Relative Strength Index (RSI) on the 14-day chart is 47.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.75%. Stochastics %K at 37.95% indicates the stock is a holding.
How much short interest is there in Paragon 28 Inc?
A steep rise in short interest was recorded in Paragon 28 Inc stocks on Mar 15, 2024, growing by 0.27 million shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.59 million shares. There was a rise of 14.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.23% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.51.
