Freshpet Inc’s filing revealed that 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 $16.75 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 Monday, Freshpet Inc [NASDAQ:FRPT] saw its stock fall -1.91% to $136.86. Over the last five days, the stock has lost -5.05%. Freshpet Inc shares have risen nearly 57.75% since the year began. Nevertheless, the stocks have risen 145.84% over the past one year. While a 52-week high of $145.68 was reached on 10/15/24, a 52-week low of $54.60 was recorded on 01/04/24. SMA at 50 days reached $137.24, while 200 days put it at $118.37.
Levels Of Support And Resistance For FRPT Stock
The 24-hour chart illustrates a support level at 134.05, which if violated will result in even more drops to 131.23. On the upside, there is a resistance level at 139.83. A further resistance level may holdings at 142.79. The Relative Strength Index (RSI) on the 14-day chart is 45.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.12%. Stochastics %K at 45.81% 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 2024-09-30, growing by 0.14 million shares to a total of 5.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.9 million shares. There was a rise of 2.74%, which implies that there is a positive 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.
