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FRPT Shares Experience Surge in Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Freshpet Inc shares valued at $786,716 were sold by Macchiaverna Stephen on May 10 ’24. At $120.15 per share, Macchiaverna Stephen sold 6,548 shares. The insider’s holdings dropped to 86,039 shares worth approximately $11.07 million following the completion of this transaction.

Also, Macchiaverna Stephen sold 1,200 shares, netting a total of over 144,600 in proceeds. Following the sale of shares at $120.50 each, the insider now holds 86,039 shares.

Before that, Macchiaverna Stephen had sold 1,012 shares from its account. In a trade valued at $122,060, the EVP, Treasurer traded Freshpet Inc shares for $120.61 each. Upon closing the transaction, the insider’s holdings decreased to 1,012 shares, worth approximately $11.07 million.

As published in a research note from Truist on March 11, 2024, Freshpet Inc [FRPT] has been rated up from a Hold to a Buy and the price target has been revised to $135 from $120. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early February. As of December 19, 2023, Jefferies has initiated its “Hold” rating for FRPT. Earlier on December 12, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for FRPT stock.

Analyzing FRPT Stock Performance

During the last five days, there has been a surge of approximately 7.98%. Over the course of the year, Freshpet Inc shares have jumped approximately 48.36%. Shares of the company reached a 52-week high of $129.14 on 05/15/24 and a 52-week low of $82.16 on 01/04/24. A 50-day SMA is recorded $111.87, while a 200-day SMA reached $85.43. Nevertheless, trading volume fell to 0.6 million shares from 0.83 million shares the previous day.

Support And Resistance Levels for Freshpet Inc (FRPT)

According to the 24-hour chart, there is a support level at 127.29, which, if violated, would cause prices to drop to 125.87. In the upper region, resistance lies at 129.64. The next price resistance is at 130.57. RSI (Relative Strength Index) is 78.51 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.50, which suggests the price will increase in the coming days. Percent R is at 1.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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