Director Lang Laura W acquired 15,000 shares of Vroom Inc. [VRM]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vroom Inc. shares valued at $19,800 were purchased by Lang Laura W on Jun 02. At $1.32 per share, Lang Laura W acquired 15,000 shares. The insider’s holdings grew to 38,975 shares worth approximately $70155.0 following the completion of this transaction.


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Also, Stott Carol Denise sold 7,812 shares, netting a total of over 23,001 in proceeds. Following the sale of shares at $2.94 each, the insider now holds 137,233 shares.

Before that, Hennessy Paul J. had sold 19,389 shares from its account. In a trade valued at $57,087, the Chief Executive Officer traded Vroom Inc. shares for $2.94 each. Upon closing the transaction, the insider’s holdings decreased to 19,389 shares, worth approximately $0.59 million.

As published in a research note from William Blair on April 28, 2022, Vroom Inc. [VRM] has been rated down from an Outperform to a Mkt perform. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early March. As of March 01, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for VRM. Earlier on March 01, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for VRM stock which previously was a “a Buy”.

Analyzing VRM’s Price Performance

On Thursday, Vroom Inc. [NASDAQ: VRM] plunged -1.64% to $1.80. The stock’s lowest price that day was $1.76, but it reached a high of $1.93 in the same session. During the last five days, there has been a surge of approximately 16.88%. Over the course of the year, Vroom Inc. shares have dropped approximately -83.32%. Shares of the company reached a 52-week high of $11.9000 on 01/04/22 and a 52-week low of $1.0300 on 06/13/22. A 50-day SMA is recorded $1.4354, while a 200-day SMA reached $6.6203. Nevertheless, trading volume fell to 7.19 million shares from 15.63 million shares the previous day.

Support And Resistance Levels for Vroom Inc. (VRM)

According to the 24-hour chart, there is a support level at 1.7300, which, if violated, would cause prices to drop to 1.6600. In the upper region, resistance lies at 1.9000. The next price resistance is at 2.0000. RSI (Relative Strength Index) is 59.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1231, which suggests the price will decrease in the coming days. Percent R is at 32.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Vroom Inc. subject to short interest?

Stocks of Vroom Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -9.97 million shares to 27.79 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 37.76 million shares. A decline of -35.88% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.61 of the overall float, the days-to-cover ratio (short ratio) decline to 1.61.

Which companies own the most shares of Vroom Inc. (VRM)?

According to ArrowMark Colorado Holdings LLC filings, the company currently owns 7,775,211 shares, which is about 5.63% of the total VRM shares outstanding. The investor’s shares have appreciated by 3,262,392 from its previous 13-F filing of 4512819.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $9,477,628. Davis Selected Advisers LP acquire a 2.97% interest valued at $9.03 million while D. E. Shaw & Co. LP purchased a 5,700,662 stake. A total of 5,322,354 shares of Vroom Inc. were bought by Cooper Creek Partners Management during the quarter, and 3,191,255 were bought by Marshall Wace LLP. In its current portfolio, BlackRock Fund Advisors holds 4,208,758 shares valued at $5.26 million.

In terms of Vroom Inc. share price expectations, FactSet research, analysts set an average price target of $2.95 in the next 12 months, up nearly 25.68% from the previous closing price of $1.83. Analysts anticipate Vroom Inc. stock to reach $6.00 by 2022, with the lowest price target being $1.00. In spite of this, 11 analysts ranked Vroom Inc. stock as a Hold at the end of 2022. On January 20, 2022, KeyBanc Capital Markets assigned a price target of “an Overweight” to the stock and upgraded coverage with a $13.

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