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 $18.29 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 $18.29 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 Monday, Freshpet Inc [NASDAQ:FRPT] saw its stock jump 2.14% to $149.49. Over the last five days, the stock has gained 4.02%. Freshpet Inc shares have risen nearly 72.30% since the year began. Nevertheless, the stocks have risen 70.90% 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 $147.29, while 200 days put it at $131.24.
Levels Of Support And Resistance For FRPT Stock
The 24-hour chart illustrates a support level at 145.29, which if violated will result in even more drops to 141.10. On the upside, there is a resistance level at 151.69. A further resistance level may holdings at 153.90. The Relative Strength Index (RSI) on the 14-day chart is 54.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.15%. Stochastics %K at 59.21% indicates the stock is a holding.
How much short interest is there in Freshpet Inc?
A steep rise in short interest was recorded in Freshpet Inc stocks on 2024-12-13, dropping by -0.36 million shares to a total of 4.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.87 million shares. There was a decline of -7.96%, 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.
