Freshpet Inc’s recent filing unveils that its SVP-Managing Director, Europe Walsh Cathal unloaded Company’s shares for reported $2.2 million on Nov 08 ’24. In the deal valued at $154.76 per share,14,186 shares were sold. As a result of this transaction, Walsh Cathal now holds 6,291 shares worth roughly $0.99 million.
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Then, Morris Scott James sold 15,000 shares, generating $2,336,700 in total proceeds. Upon selling the shares at $155.78, the President and COO now owns 122,380 shares.
Before that, Machaba Thembeka sold 2,500 shares. Freshpet Inc shares valued at $384,625 were divested by the Chief Human Resources Officer at a price of $153.85 per share. As a result of the transaction, Machaba Thembeka now holds 0 shares, worth roughly $0.0.
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 Friday, Freshpet Inc [NASDAQ:FRPT] saw its stock jump 0.12% to $156.76. Over the last five days, the stock has gained 4.51%. Freshpet Inc shares have risen nearly 80.68% since the year began. Nevertheless, the stocks have risen 124.42% over the past one year. While a 52-week high of $159.12 was reached on 11/08/24, a 52-week low of $68.22 was recorded on 01/04/24. SMA at 50 days reached $142.64, while 200 days put it at $125.51.
Levels Of Support And Resistance For FRPT Stock
The 24-hour chart illustrates a support level at 155.49, which if violated will result in even more drops to 154.23. On the upside, there is a resistance level at 157.99. A further resistance level may holdings at 159.22. The Relative Strength Index (RSI) on the 14-day chart is 64.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.96%. Stochastics %K at 81.84% indicates the stock is a selling.
How much short interest is there in Freshpet Inc?
A steep rise in short interest was recorded in Freshpet Inc stocks on 2024-10-31, dropping by 13030.0 shares to a total of 5.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.03 million shares. There was a decline of -0.26%, which implies that there is a negative 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.
