In a filing, Freshpet Inc revealed its President and COO Morris Scott James unloaded Company’s shares for reported $1.05 million on Sep 12 ’24. In the deal valued at $139.52 per share,7,500 shares were sold. As a result of this transaction, Morris Scott James now holds 122,380 shares worth roughly $17.39 million.
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Then, Macchiaverna Stephen sold 3,822 shares, generating $535,118 in total proceeds. Upon selling the shares at $140.01, the EVP, Treasurer now owns 86,039 shares.
Before that, Morris Scott James bought 7,500 shares. Freshpet Inc shares valued at $1,046,250 were divested by the Officer at a price of $139.50 per share.
Redburn Atlantic upgraded its Freshpet Inc [FRPT] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Truist also remained covering FRPT and has increased its forecast on March 11, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup started covering the stock on February 01, 2024. It rated FRPT as “a Neutral”.
Price Performance Review of FRPT
On Friday, Freshpet Inc [NASDAQ:FRPT] saw its stock jump 4.48% to $142.09. Over the last five days, the stock has gained 4.68%. Freshpet Inc shares have risen nearly 63.77% since the year began. Nevertheless, the stocks have risen 131.91% over the past one year. While a 52-week high of $144.38 was reached on 09/19/24, a 52-week low of $54.60 was recorded on 01/04/24. SMA at 50 days reached $133.59, while 200 days put it at $115.37.
Levels Of Support And Resistance For FRPT Stock
The 24-hour chart illustrates a support level at 137.70, which if violated will result in even more drops to 133.30. On the upside, there is a resistance level at 144.98. A further resistance level may holdings at 147.87. The Relative Strength Index (RSI) on the 14-day chart is 61.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.35%. Stochastics %K at 44.24% indicates the stock is a holding.
How much short interest is there in Freshpet Inc?
A steep rise in short interest was recorded in Freshpet Inc stocks on 2024-09-13, dropping by -0.34 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.15 million shares. There was a decline of -7.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 19, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $80 price target.
