The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Trupanion Inc shares valued at $265,518 were sold by WEINRAUCH STEVE on Nov 30 ’23. At $26.11 per share, WEINRAUCH STEVE sold 10,170 shares. The insider’s holdings dropped to 32,651 shares worth approximately $0.7 million following the completion of this transaction.
Also, HEWITT MELISSA JOY sold 1,213 shares, netting a total of over 31,866 in proceeds. Following the sale of shares at $26.27 each, the insider now holds 4,999 shares.
Before that, DOAK MICHAEL had sold 8,688 shares from its account. In a trade valued at $260,522, the Director traded Trupanion Inc shares for $29.99 each. Upon closing the transaction, the insider’s holdings decreased to 8,688 shares, worth approximately $0.13 million.
As published in a research note from BofA Securities on May 08, 2023, Trupanion Inc [TRUP] has been rated down from a Buy to a Neutral and the price target has been revised to $32 from $72. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of August 04, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for TRUP. Earlier on February 24, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for TRUP stock which previously was a “a Neutral”.
Analyzing TRUP Stock Performance
During the last five days, there has been a drop of approximately -13.17%. Over the course of the year, Trupanion Inc shares have dropped approximately -29.99%. Shares of the company reached a 52-week high of $35.74 on 02/15/24 and a 52-week low of $21.18 on 04/16/24. A 50-day SMA is recorded $26.77, while a 200-day SMA reached $27.43. Nevertheless, trading volume fell to 0.98 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Trupanion Inc (TRUP)
According to the 24-hour chart, there is a support level at 20.65, which, if violated, would cause prices to drop to 19.95. In the upper region, resistance lies at 22.63. The next price resistance is at 23.91. RSI (Relative Strength Index) is 28.85 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.79, which suggests the price will decrease in the coming days. Percent R is at 97.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
