Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Petmed Express, Inc shares valued at $41,750 were purchased by NINA CAPITAL HOLDINGS INC. on Sep 09 ’24. At $3.34 per share, NINA CAPITAL HOLDINGS INC. acquired 12,500 shares. The insider’s holdings grew to 2,078,000 shares worth approximately $11.91 million following the completion of this transaction.
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Also, Smith Jacqueline Paula sold 601 shares, netting a total of over 1,917 in proceeds. Following the sale of shares at $3.19 each, the insider now holds 20,099 shares.
Before that, FULGONI GIAN had added 41,000 shares to its account. In a trade valued at $301,124, the Director bought Petmed Express, Inc shares for $7.34 each. Upon closing the transaction, the insider’s holdings increased to 41,000 shares, worth approximately $0.63 million.
As published in their initiating research note from Lake Street on May 25, 2023, Petmed Express, Inc [PETS] has been a Buy and the price target has been revised to $20. Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of November 18, 2021, Morgan Stanley has initiated its “an Underweight” rating for PETS. Earlier on October 01, 2021, Jefferies initiated its rating. Their recommendation was “a Hold” for PETS stock.
Analyzing PETS Stock Performance
During the last five days, there has been a surge of approximately 39.76%. Over the course of the year, Petmed Express, Inc shares have dropped approximately -24.21%. Shares of the company reached a 52-week high of $7.79 on 01/02/24 and a 52-week low of $2.90 on 08/13/24. A 50-day SMA is recorded $3.80, while a 200-day SMA reached $4.25. Nevertheless, trading volume fell to 3.08 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Petmed Express, Inc (PETS)
According to the 24-hour chart, there is a support level at 4.72, which, if violated, would cause prices to drop to 3.71. In the upper region, resistance lies at 6.32. The next price resistance is at 6.91. RSI (Relative Strength Index) is 83.21 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 8.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
