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Recent Insider Activity Could Benefit Paragon 28 Inc (FNA)

Paragon 28 Inc’s recent filing unveils that its 10% Owner MVM Partners, LLC unloaded Company’s shares for reported $0.26 million on Dec 06 ’24. In the deal valued at $10.07 per share,25,485 shares were sold. As a result of this transaction, MVM Partners, LLC now holds 10,400,548 shares worth roughly $107.75 million.

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Then, MVM Partners, LLC sold 14,403 shares, generating $144,750 in total proceeds. Upon selling the shares at $10.05, the 10% Owner now owns 10,386,145 shares.

Before that, WRIGHT KRISTINA sold 2,360 shares. Paragon 28 Inc shares valued at $23,602 were divested by the Director at a price of $10.00 per share. As a result of the transaction, WRIGHT KRISTINA now holds 32,118 shares, worth roughly $0.33 million.

William Blair initiated its Paragon 28 Inc [FNA] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid April with a ‘”an Overweight”‘ rating.

Price Performance Review of FNA

On Tuesday, Paragon 28 Inc [NYSE:FNA] saw its stock fall -3.54% to $10.36. Over the last five days, the stock has lost -1.33%. Paragon 28 Inc shares have fallen nearly -16.65% since the year began. Nevertheless, the stocks have fallen -11.30% over the past one year. While a 52-week high of $14.79 was reached on 02/12/24, a 52-week low of $4.65 was recorded on 10/29/24. SMA at 50 days reached $7.91, while 200 days put it at $8.13.

Levels Of Support And Resistance For FNA Stock

The 24-hour chart illustrates a support level at 10.10, which if violated will result in even more drops to 9.84. On the upside, there is a resistance level at 10.70. A further resistance level may holdings at 11.05. The Relative Strength Index (RSI) on the 14-day chart is 61.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.20%. Stochastics %K at 63.30% indicates the stock is a holding.

How much short interest is there in Paragon 28 Inc?

A steep rise in short interest was recorded in Paragon 28 Inc stocks on 2024-11-29, dropping by -3.19 million shares to a total of 3.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.78 million shares. There was a decline of -88.7%, which implies that there is a negative sentiment for the stock.

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