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 $42.23 million following the completion of this transaction.
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Also, insider 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 of Paragon 28 Inc.
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 drop of approximately -8.55%. Over the course of the year, Paragon 28 Inc shares have dropped approximately -36.36%. Shares of the company reached a 52-week high of $14.79 on 02/12/24 and a 52-week low of $5.55 on 06/20/24. A 50-day SMA is recorded $7.28, while a 200-day SMA reached $9.96. Nevertheless, trading volume fell to 1.15 million shares from 0.86 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 7.48, which, if violated, would cause prices to drop to 7.05. In the upper region, resistance lies at 8.13. The next price resistance is at 8.35. RSI (Relative Strength Index) is 51.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 54.72%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
