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Piper Sandler gives an Overweight recommendation for Trupanion Inc (TRUP)

Trupanion Inc’s recently made public that its Director LOW MURRAY B unloaded Company’s shares for reported $9600.0 on Jan 03 ’25. In the deal valued at $50.00 per share,192 shares were sold. As a result of this transaction, LOW MURRAY B now holds 131,321 shares worth roughly $5.94 million.

Then, LOW MURRAY B bought 192 shares, generating $9,600 in total proceeds.

Before that, Qureshi Fawwad sold 9,867 shares. Trupanion Inc shares valued at $523,789 were divested by the Chief Financial Officer at a price of $53.08 per share. As a result of the transaction, Qureshi Fawwad now holds 0 shares, worth roughly $0.0.

Piper Sandler upgraded its Trupanion Inc [TRUP] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. BofA Securities also remained covering TRUP and has increased its forecast on May 16, 2024 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on May 08, 2023. It rated TRUP as “a Neutral” which previously was an “a Buy”.

Price Performance Review of TRUP

On Tuesday, Trupanion Inc [NASDAQ:TRUP] saw its stock fall -3.25% to $45.23. Over the last five days, the stock has lost -4.44%. Trupanion Inc shares have fallen nearly -6.16% since the year began. Nevertheless, the stocks have risen 52.39% over the past one year. While a 52-week high of $57.90 was reached on 01/24/25, a 52-week low of $19.69 was recorded on 01/13/25. SMA at 50 days reached $49.53, while 200 days put it at $41.45.

Levels Of Support And Resistance For TRUP Stock

The 24-hour chart illustrates a support level at 44.43, which if violated will result in even more drops to 43.62. On the upside, there is a resistance level at 46.55. A further resistance level may holdings at 47.86. The Relative Strength Index (RSI) on the 14-day chart is 39.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.19%. Stochastics %K at 21.93% indicates the stock is a holding.

How much short interest is there in Trupanion Inc?

A steep rise in short interest was recorded in Trupanion Inc stocks on 2025-01-31, growing by 0.3 million shares to a total of 9.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 8.74 million shares. There was a rise of 3.37%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 21, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $77 price target.

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