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. Trupanion Inc shares valued at $36,054 were sold by HEWITT MELISSA JOY on May 30 ’24. At $30.04 per share, HEWITT MELISSA JOY sold 1,200 shares. The insider’s holdings dropped to 6,105 shares worth approximately $0.21 million following the completion of this transaction.
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Also, WEINRAUCH STEVE sold 1,000 shares, netting a total of over 29,350 in proceeds. Following the sale of shares at $29.35 each, the insider now holds 55,896 shares.
Before that, RAWLINGS DARRYL had added 20,700 shares to its account. In a trade valued at $499,663, the Chief Executive Officer bought Trupanion Inc shares for $24.14 each. Upon closing the transaction, the insider’s holdings increased to 20,700 shares, worth approximately $21.54 million.
As published in their initiating research note from William Blair on July 19, 2024, Trupanion Inc [TRUP] has been an Outperform. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of May 08, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for TRUP. Earlier on September 21, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for TRUP stock.
Analyzing TRUP Stock Performance
During the last five days, there has been a surge of approximately 0.11%. Over the course of the year, Trupanion Inc shares have jumped approximately 14.81%. Shares of the company reached a 52-week high of $38.14 on 07/30/24 and a 52-week low of $19.69 on 05/03/24. A 50-day SMA is recorded $30.83, while a 200-day SMA reached $27.85. Nevertheless, trading volume fell to 0.67 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Trupanion Inc (TRUP)
According to the 24-hour chart, there is a support level at 33.94, which, if violated, would cause prices to drop to 32.84. In the upper region, resistance lies at 35.68. The next price resistance is at 36.33. RSI (Relative Strength Index) is 56.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 36.85%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
