Carvana Co.’s recently made public that its insider BREAUX PAUL W. unloaded Company’s shares for reported $1.84 million on May 03 ’24. In the deal valued at $123.00 per share,15,000 shares were sold. As a result of this transaction, BREAUX PAUL W. now holds 130,358 shares worth roughly $15.86 million.
Then, BREAUX PAUL W. sold 41,400 shares, generating $4,931,569 in total proceeds. Upon selling the shares at $119.12, the insider now owns 130,358 shares.
Before that, GILL DANIEL J. sold 29,700 shares. Carvana Co. shares valued at $3,485,054 were divested by the Chief Product Officer at a price of $117.34 per share. As a result of the transaction, GILL DANIEL J. now holds 409,427 shares, worth roughly $49.81 million.
JP Morgan upgraded its Carvana Co. [CVNA] rating to an Overweight from a a Neutral in a research note published on May 02, 2024; the price target was increased to $130 from $70. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid March from “an Underperform” to “a Hold”. RBC Capital Mkts also remained covering CVNA and has increased its forecast on March 08, 2024 with a “Sector perform” recommendation from previously “an Underperform” rating. William Blair revised its rating on February 23, 2024. It rated CVNA as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CVNA
On Friday, Carvana Co. [NYSE:CVNA] saw its stock jump 4.44% to $121.67. Over the last five days, the stock has gained 44.31%. Carvana Co. shares have risen nearly 129.83% since the year began. Nevertheless, the stocks have risen 1620.93% over the past one year. While a 52-week high of $122.30 was reached on 05/03/24, a 52-week low of $6.92 was recorded on 02/01/24. SMA at 50 days reached $81.44, while 200 days put it at $52.10. A total of 8.52 million shares were traded, compared to the trading of 24.22 million shares in the previous session.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 116.91, which if violated will result in even more drops to 112.14. On the upside, there is a resistance level at 125.32. A further resistance level may holdings at 128.96. The Relative Strength Index (RSI) on the 14-day chart is 83.42, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 25.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.47%. Stochastics %K at 89.26% indicates the stock is a selling.
