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Paragon 28 Inc [FNA] Records 50-Day SMA of $10.58

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. Paragon 28 Inc shares valued at $255,226 were purchased by DaCosta Albert on Mar 15 ’24. At $9.12 per share, DaCosta Albert acquired 28,000 shares. The insider’s holdings grew to 5,339,110 shares worth approximately $52.64 million following the completion of this transaction.

Also, DaCosta Albert purchased 30,500 shares, netting a total of over 259,555 in proceeds. Following the buying of shares at $8.51 each, the insider now holds 5,311,110 shares.

Before that, SCHNETTLER THOMAS P had sold 6,900 shares from its account. In a trade valued at $127,952, the Director traded Paragon 28 Inc shares for $18.54 each. Upon closing the transaction, the insider’s holdings decreased to 6,900 shares, worth approximately $0.29 million.

As published in their initiating research note from William Blair on September 29, 2023, Paragon 28 Inc [FNA] has been an Outperform. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid April.

Analyzing FNA Stock Performance

During the last five days, there has been a surge of approximately 2.28%. Over the course of the year, Paragon 28 Inc shares have dropped approximately -20.68%. Shares of the company reached a 52-week high of $14.79 on 02/12/24 and a 52-week low of $8.73 on 04/26/24. A 50-day SMA is recorded $10.58, while a 200-day SMA reached $12.00. Nevertheless, trading volume fell to 0.41 million shares from 0.32 million shares the previous day.

Support And Resistance Levels for Paragon 28 Inc (FNA)

According to the 24-hour chart, there is a support level at 9.37, which, if violated, would cause prices to drop to 8.87. In the upper region, resistance lies at 10.24. The next price resistance is at 10.61. RSI (Relative Strength Index) is 48.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 34.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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