Freshpet Stock Approaches Oversold Levels

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On Tuesday, shares of Freshpet Inc (Symbol: FRPT) experienced significant selling pressure, entering oversold territory with a Relative Strength Index (RSI) reading of 29.3, following a low of $82.01 per share. The current RSI of the S&P 500 ETF (SPY) stands at 38.6, indicating a stark contrast in market sentiment.

Freshpet’s 52-week low is $78.81 per share, while its high is $183.38, and its latest trade price is $82.92. Investors may view the low RSI as a potential buy opportunity amidst the recent heavy selling.

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