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Recent Insider Activity Suggests Potential Gains for Trupanion Inc (TRUP)

Trupanion Inc’s recently made public that its Director LOW MURRAY B unloaded Company’s shares for reported $0.11 million on Nov 06 ’24. In the deal valued at $52.67 per share,2,000 shares were sold. As a result of this transaction, LOW MURRAY B now holds 131,513 shares worth roughly $7.07 million.

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Then, LOW MURRAY B bought 2,000 shares, generating $105,346 in total proceeds.

Before that, WORRA TRAVIS sold 2,000 shares. Trupanion Inc shares valued at $105,449 were divested by the General Manager at a price of $52.72 per share. As a result of the transaction, WORRA TRAVIS now holds 3,757 shares, worth roughly $0.2 million.

William Blair initiated its Trupanion Inc [TRUP] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid May from “a Neutral” to “a Buy”. BofA Securities also remained covering TRUP and has decreased its forecast on May 08, 2023 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on September 21, 2022. It rated TRUP as “a Buy”.

Price Performance Review of TRUP

On Tuesday, Trupanion Inc [NASDAQ:TRUP] saw its stock jump 2.56% to $53.75. Over the last five days, the stock has gained 5.10%. Trupanion Inc shares have risen nearly 76.17% since the year began. Nevertheless, the stocks have risen 148.04% over the past one year. While a 52-week high of $57.90 was reached on 10/31/24, a 52-week low of $19.69 was recorded on 05/03/24. SMA at 50 days reached $47.73, while 200 days put it at $34.41.

Levels Of Support And Resistance For TRUP Stock

The 24-hour chart illustrates a support level at 52.20, which if violated will result in even more drops to 50.64. On the upside, there is a resistance level at 54.95. A further resistance level may holdings at 56.14. The Relative Strength Index (RSI) on the 14-day chart is 58.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.78%. Stochastics %K at 40.05% indicates the stock is a holding.

How much short interest is there in Trupanion Inc?

A steep rise in short interest was recorded in Trupanion Inc stocks on 2024-10-31, dropping by -1.75 million shares to a total of 8.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.4 million shares. There was a decline of -20.28%, which implies that there is a negative sentiment for the stock.

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