Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trupanion Inc shares valued at $29,350 were sold by WEINRAUCH STEVE on May 30 ’24. At $29.35 per share, WEINRAUCH STEVE sold 1,000 shares. The insider’s holdings dropped to 55,896 shares worth approximately $2.42 million following the completion of this transaction.
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Also, HEWITT MELISSA JOY sold 1,200 shares, netting a total of over 36,054 in proceeds. Following the sale of shares at $30.04 each, the insider now holds 6,105 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 $26.62 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 23.58%. Over the course of the year, Trupanion Inc shares have jumped approximately 41.89%. Shares of the company reached a 52-week high of $44.06 on 08/15/24 and a 52-week low of $19.69 on 05/03/24. A 50-day SMA is recorded $31.97, while a 200-day SMA reached $28.33. Nevertheless, trading volume fell to 0.76 million shares from 1.34 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 41.66, which, if violated, would cause prices to drop to 40.03. In the upper region, resistance lies at 44.49. The next price resistance is at 45.69. RSI (Relative Strength Index) is 73.41 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.57, which suggests the price will increase in the coming days. Percent R is at 5.36%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
