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Why Freshpet Stock Leapt 24% Higher in May

TheMotleyFool 
0 0 05.06.24
Why Freshpet Stock Leapt 24% Higher in MayPhoto, wide shot, wide-angle lens, Supermarket, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/12c4d93c-5c0e-4e39-8e32-e47404ce9d79.png
 

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.

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Source Fool.com

Freshpet Inc. Stock

€62.72
-0.670%
Freshpet Inc. shows a slight decrease today, losing -€0.420 (-0.670%) compared to yesterday.
Our community is currently high on Freshpet Inc. with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 62 € is below the current price of 62.72 € for Freshpet Inc., so the potential is actually -1.15%.
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