Why Freshpet Stock Leapt 24% Higher in May
Shares of Freshpet (NASDAQ: FRPT), the maker of fresh food for dogs and cats, were soaring last month after the company reported better-than-expected, first-quarter earnings, and pet stocks rallied more broadly, potentially signaling the end to a long slump in the industry.
As a result, the stock finished May up 24%, according to data from S&P Global Market Intelligence.
As you can see from the chart below, Freshpet stock jumped following the earnings report early in the month and then continued to gain from there.
Source Fool.com
Freshpet Inc. Stock
€129.50
8.150%
The community is currently still undecided about Freshpet Inc. with 2 Buy predictions and 0 Sell predictions.
With a current price of 129.5 € Freshpet Inc. is right around the predicted target price of 130 €.
