Could Trupanion, Inc. (TRUP) Lose its Strength? The Stock Reaches 52-Week High

June 17, 2018 - By Adrian Mccoy

Trupanion, Inc. (NASDAQ:TRUP) Logo

The stock of Trupanion, Inc. (NASDAQ:TRUP) hit a new 52-week high and has $42.29 target or 8.00 % above today’s $39.16 share price. The 9 months bullish chart indicates low risk for the $1.22B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $42.29 price target is reached, the company will be worth $97.68 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.98% or $0.76 during the last trading session, reaching $39.16. About 406,688 shares traded or 17.54% up from the average. Trupanion, Inc. (NASDAQ:TRUP) has risen 84.23% since June 17, 2017 and is uptrending. It has outperformed by 71.66% the S&P500.

Analysts await Trupanion, Inc. (NASDAQ:TRUP) to report earnings on August, 7. They expect $-0.05 EPS, down 150.00 % or $0.03 from last year’s $-0.02 per share. After $-0.05 actual EPS reported by Trupanion, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More important recent Trupanion, Inc. (NASDAQ:TRUP) news were published by: Globenewswire.com which released: “Trupanion Receives Approval of Utility Patent for Trupanion Express” on May 29, 2018, also Globenewswire.com published article titled: “Recent Analysis Shows Beneficial, TopBuild, Gibraltar Industries, Earthstone Energy, Trupanion, and Heidrick …”, Nasdaq.com published: “Trupanion Thanks the People Who Care for Our Pets with Veterinary Appreciation Day” on June 05, 2018. More interesting news about Trupanion, Inc. (NASDAQ:TRUP) was released by: Nasdaq.com and their article: “Study Indicates Nearly One in Four Pet Owners Work at a Pet-Friendly Company” with publication date: June 13, 2018.

Trupanion, Inc., together with its subsidiaries, provides medical insurance plans for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company has market cap of $1.22 billion. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels. It currently has negative earnings. The firm was formerly known as Vetinsurance International, Inc. changed its name to Trupanion, Inc. in 2013.

Trupanion, Inc. (NASDAQ:TRUP) Ratings Chart

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