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Paragon 28 Inc (FNA) receives an Outperform rating from William Blair

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 $36.09 million.

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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.

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 fall -1.46% to $6.76. Over the last five days, the stock has gained 2.74%. Paragon 28 Inc shares have fallen nearly -45.62% since the year began. Nevertheless, the stocks have fallen -60.54% over the past one year. While a 52-week high of $18.50 was reached on 02/12/24, a 52-week low of $5.55 was recorded on 06/20/24. SMA at 50 days reached $7.55, while 200 days put it at $10.27. A total of 0.59 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For FNA Stock

The 24-hour chart illustrates a support level at 6.56, which if violated will result in even more drops to 6.37. On the upside, there is a resistance level at 6.94. A further resistance level may holdings at 7.13. The Relative Strength Index (RSI) on the 14-day chart is 48.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.92%. Stochastics%K at 79.08% indicates the stock is a holding.

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