Why Freshpet Stock Jumped Monday
Freshpet (NASDAQ: FRPT) shares are reversing course today after a sharp drop late last week. The seller of fresh and healthy pet food reported fourth-quarter and full-year earnings on Thursday and the stock tanked.But with the stock now down about 30% year to date, one Wall Street firm just said it's time to buy. Shares jumped more than 7.5% Monday morning on the analyst note, and remained higher by 4.3% as of 11 a.m. ET.Investors crushed the stock late last week when the company came up slightly short of Wall Street's expectations for its fourth-quarter sales and earnings. But shares had already been trending lower since the start of the year as investors took profits after a huge 70% gain in 2024.Continue reading
Freshpet (NASDAQ: FRPT) shares are reversing course today after a sharp drop late last week. The seller of fresh and healthy pet food reported fourth-quarter and full-year earnings on Thursday and the stock tanked.
But with the stock now down about 30% year to date, one Wall Street firm just said it's time to buy. Shares jumped more than 7.5% Monday morning on the analyst note, and remained higher by 4.3% as of 11 a.m. ET.
Investors crushed the stock late last week when the company came up slightly short of Wall Street's expectations for its fourth-quarter sales and earnings. But shares had already been trending lower since the start of the year as investors took profits after a huge 70% gain in 2024.
