Freshpet Inc’s recent filing unveils that its President Morris Scott James unloaded Company’s shares for reported $0.79 million on Dec 04 ’24. In the deal valued at $157.38 per share,5,000 shares were sold. As a result of this transaction, Morris Scott James now holds 122,380 shares worth roughly $17.59 million.
Then, Morris Scott James bought 5,000 shares, generating $786,875 in total proceeds.
Before that, Morris Scott James sold 10,000 shares. Freshpet Inc shares valued at $1,574,500 were divested by the President at a price of $157.45 per share. As a result of the transaction, Morris Scott James now holds 122,380 shares, worth roughly $17.59 million.
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 1.63% to $143.71. Over the last five days, the stock has lost -2.16%. Freshpet Inc shares have risen nearly 65.64% since the year began. Nevertheless, the stocks have risen 71.55% over the past one year. While a 52-week high of $160.91 was reached on 11/25/24, a 52-week low of $82.16 was recorded on 01/04/24. SMA at 50 days reached $146.91, while 200 days put it at $130.32.
Levels Of Support And Resistance For FRPT Stock
The 24-hour chart illustrates a support level at 141.44, which if violated will result in even more drops to 139.17. On the upside, there is a resistance level at 144.94. A further resistance level may holdings at 146.17. The Relative Strength Index (RSI) on the 14-day chart is 40.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.32%. Stochastics %K at 11.05% indicates the stock is a buying.
How much short interest is there in Freshpet Inc?
A steep rise in short interest was recorded in Freshpet Inc stocks on 2024-11-29, dropping by -0.45 million shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.02 million shares. There was a decline of -9.85%, 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.
