Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PetIQ Inc shares valued at $268,876 were sold by Huff Scott on Jun 12 ’24. At $22.19 per share, Huff Scott sold 12,117 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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As published in a research note from Truist on August 08, 2024, PetIQ Inc [PETQ] has been rated down from a Buy to a Hold and the price target has been revised to $31 from $30. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of September 06, 2023, Lake Street has initiated its “Buy” rating for PETQ. Earlier on May 13, 2022, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for PETQ stock which previously was a “an Outperform”.
Analyzing PETQ Stock Performance
During the last five days, there has been a surge of approximately 0.23%. Over the course of the year, PetIQ Inc shares have jumped approximately 56.86%. Shares of the company reached a 52-week high of $31.06 on 10/08/24 and a 52-week low of $15.09 on 03/15/24. A 50-day SMA is recorded $30.72, while a 200-day SMA reached $22.34. Nevertheless, trading volume fell to 0.93 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for PetIQ Inc (PETQ)
According to the 24-hour chart, there is a support level at 30.97, which, if violated, would cause prices to drop to 30.97. In the upper region, resistance lies at 30.99. The next price resistance is at 31.01. RSI (Relative Strength Index) is 80.00 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 38.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
