Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Freshpet Inc shares valued at $1,046,400 were sold by Morris Scott James on Sep 12 ’24. At $139.52 per share, Morris Scott James sold 7,500 shares. The insider’s holdings dropped to 122,380 shares worth approximately $19.0 million following the completion of this transaction.
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Also, Macchiaverna Stephen sold 3,822 shares, netting a total of over 535,118 in proceeds. Following the sale of shares at $140.01 each, the insider now holds 86,039 shares.
Before that, Morris Scott James had added 7,500 shares to its account. In a trade valued at $1,046,250, the Officer bought Freshpet Inc shares for $139.50 each.
As published in a research note from Redburn Atlantic on May 23, 2024, Freshpet Inc [FRPT] has been rated up from a Neutral to a Buy and the price target has been revised to $168. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of March 11, 2024, Truist has increased its “Hold” rating to a “Buy” for FRPT. Earlier on February 01, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for FRPT stock.
Analyzing FRPT Stock Performance
During the last five days, there has been a surge of approximately 15.84%. Over the course of the year, Freshpet Inc shares have jumped approximately 78.96%. Shares of the company reached a 52-week high of $157.10 on 11/06/24 and a 52-week low of $82.16 on 01/04/24. A 50-day SMA is recorded $138.58, while a 200-day SMA reached $121.54. Nevertheless, trading volume fell to 1.04 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Freshpet Inc (FRPT)
According to the 24-hour chart, there is a support level at 153.63, which, if violated, would cause prices to drop to 152.00. In the upper region, resistance lies at 157.00. The next price resistance is at 158.73. RSI (Relative Strength Index) is 74.71 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.12, which suggests the price will increase in the coming days. Percent R is at 6.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
