Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Freshpet Inc shares valued at $786,900 were sold by Morris Scott James on Dec 04 ’24. At $157.38 per share, Morris Scott James sold 5,000 shares. The insider’s holdings dropped to 122,380 shares worth approximately $17.66 million following the completion of this transaction.
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Also, Morris Scott James purchased 5,000 shares, netting a total of over 786,875 in proceeds.
Before that, Morris Scott James had sold 10,000 shares from its account. In a trade valued at $1,574,500, the President traded Freshpet Inc shares for $157.45 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $17.66 million.
As published in a research note from Redburn Atlantic on May 23, 2024, Freshpet Inc [FRPT] has been rated up from a Neutral to a Buy and the price target has been revised to $168. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of March 11, 2024, Truist has increased its “Hold” rating to a “Buy” for FRPT. Earlier on February 01, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for FRPT stock.
Analyzing FRPT Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Freshpet Inc shares have dropped approximately -2.56%. Shares of the company reached a 52-week high of $150.57 on 01/02/25 and a 52-week low of $143.73 on 01/02/25. A 50-day SMA is recorded $147.61, while a 200-day SMA reached $131.61. Nevertheless, trading volume fell to 0.61 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Freshpet Inc (FRPT)
According to the 24-hour chart, there is a support level at 141.85, which, if violated, would cause prices to drop to 139.37. In the upper region, resistance lies at 148.68. The next price resistance is at 153.04. RSI (Relative Strength Index) is 43.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.94, which suggests the price will increase in the coming days. Percent R is at 57.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
