Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vroom Inc. shares valued at $1,381 were sold by Zakowicz Agnieszka on Sep 14. At $1.70 per share, Zakowicz Agnieszka sold 812 shares. The insider’s holdings dropped to 208,262 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Krakowiak Robert R. sold 11,233 shares, netting a total of over 19,101 in proceeds. Following the sale of shares at $1.70 each, the insider now holds 570,326 shares.
Before that, Lang Laura W had added 15,000 shares to its account. In a trade valued at $19,800, the Director bought Vroom Inc. shares for $1.32 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $59242.0.
As published in a research note from JP Morgan on August 15, 2022, Vroom Inc. [VRM] has been rated down from a Neutral to an Underweight. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late April. As of March 02, 2022, Stifel has decreased its “Buy” rating to a “Hold” for VRM. Earlier on March 01, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for VRM stock which previously was a “an Overweight”.
Analyzing VRM’s Price Performance
The stock’s lowest price that day was $1.47, but it reached a high of $1.60 in the same session. During the last five days, there has been a drop of approximately -15.08%. Over the course of the year, Vroom Inc. shares have dropped approximately -85.91%. 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 $1.7584, while a 200-day SMA reached $3.8993. Nevertheless, trading volume fell to 4.45 million shares from 4.81 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 1.4600, which, if violated, would cause prices to drop to 1.4000. In the upper region, resistance lies at 1.5900. The next price resistance is at 1.6600. RSI (Relative Strength Index) is 41.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1229, which suggests the price will decrease in the coming days. Percent R is at 87.80%, indicating bearish price movement. Stochastics %K at buying 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 The Vanguard Group, Inc. filings, the company currently owns 5,711,404 shares, which is about 4.14% of the total VRM shares outstanding. The investor’s shares have plunged by -1,870,698 from its previous 13-F filing of 7582102.0 shares. With the completion of the sale transaction, NISA Investment Advisors LLC’s stake is now worth $6,156,458. First Trust Advisors LP acquire a 599.83% interest valued at $5.28 million while BlackRock Fund Advisors sold a -1,179,934 stake. A total of 2,500,000 shares of Vroom Inc. were sold by Bill & Melinda Gates Foundation T during the quarter, and 745,149 were bought by Susquehanna Financial Group LLLP. In its current portfolio, Barclays Capital, Inc. holds 2,237,704 shares valued at $3.65 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 97.37% from the previous closing price of $1.52. Analysts anticipate Vroom Inc. stock to reach $5.00 by 2022, with the lowest price target being $1.00. In spite of this, 9 analysts ranked Vroom Inc. stock as a Hold at the end of 2022.