Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trupanion Inc shares valued at $348,600 were sold by Tooth Margaret on Aug 28 ’24. At $46.48 per share, Tooth Margaret sold 7,500 shares. The insider’s holdings dropped to 99,984 shares worth approximately $4.58 million following the completion of this transaction.
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Also, Tooth Margaret purchased 7,500 shares, netting a total of over 354,075 in proceeds.
Before that, Qureshi Fawwad had sold 624 shares from its account. In a trade valued at $29,041, the Chief Financial Officer traded Trupanion Inc shares for $46.54 each. Upon closing the transaction, the insider’s holdings decreased to 624 shares, worth approximately $0.0.
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 6.81%. Over the course of the year, Trupanion Inc shares have jumped approximately 50.15%. Shares of the company reached a 52-week high of $49.14 on 09/18/24 and a 52-week low of $19.69 on 05/03/24. A 50-day SMA is recorded $39.75, while a 200-day SMA reached $30.70. Nevertheless, trading volume fell to 0.84 million shares from 0.7 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 44.26, which, if violated, would cause prices to drop to 42.71. In the upper region, resistance lies at 48.25. The next price resistance is at 50.69. RSI (Relative Strength Index) is 58.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 46.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
