Freshpet Inc’s recent filing unveils that its EVP, Treasurer Macchiaverna Stephen unloaded Company’s shares for reported $0.79 million on Jun 05 ’24. In the deal valued at $132.13 per share,6,000 shares were sold. As a result of this transaction, Macchiaverna Stephen now holds 86,039 shares worth roughly $11.01 million.
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Then, Macchiaverna Stephen sold 5,000 shares, generating $634,450 in total proceeds. Upon selling the shares at $126.89, the EVP, Treasurer now owns 86,039 shares.
Before that, Macchiaverna Stephen sold 6,548 shares. Freshpet Inc shares valued at $786,716 were divested by the EVP, Treasurer at a price of $120.15 per share. As a result of the transaction, Macchiaverna Stephen now holds 86,039 shares, worth roughly $11.01 million.
Redburn Atlantic upgraded its Freshpet Inc [FRPT] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Truist also remained covering FRPT and has increased its forecast on March 11, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup started covering the stock on February 01, 2024. It rated FRPT as “a Neutral”.
Price Performance Review of FRPT
On Tuesday, Freshpet Inc [NASDAQ:FRPT] saw its stock fall -0.54% to $127.93. Over the last five days, the stock has lost -1.36%. Freshpet Inc shares have risen nearly 47.45% since the year began. Nevertheless, the stocks have risen 106.84% over the past one year. While a 52-week high of $132.84 was reached on 06/03/24, a 52-week low of $54.60 was recorded on 01/04/24. SMA at 50 days reached $120.77, while 200 days put it at $92.44. A total of 0.39 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For FRPT Stock
The 24-hour chart illustrates a support level at 127.07, which if violated will result in even more drops to 126.21. On the upside, there is a resistance level at 129.13. A further resistance level may holdings at 130.34. The Relative Strength Index (RSI) on the 14-day chart is 52.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.65%. Stochastics %K at 58.06% indicates the stock is a holding.
The most recent change occurred on December 19, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $80 price target.
