Mister Car Wash Inc’s filing revealed that its Chief Operating Officer Chimienti Mayra Idali unloaded Company’s shares for reported $0.25 million on Mar 15 ’24. In the deal valued at $7.05 per share,35,000 shares were sold. As a result of this transaction, Chimienti Mayra Idali now holds 270,523 shares worth roughly $1.98 million.
Then, Lai John Lo-minn sold 23,161 shares, generating $178,108 in total proceeds. Upon selling the shares at $7.69, the Chief Executive Officer now owns 2,622,146 shares.
Before that, Gold Jedidiah Marc sold 4,857 shares. Mister Car Wash Inc shares valued at $37,350 were divested by the Chief Financial Officer at a price of $7.69 per share. As a result of the transaction, Gold Jedidiah Marc now holds 33,933 shares, worth roughly $0.25 million.
JP Morgan upgraded its Mister Car Wash Inc [MCW] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. JP Morgan began covering MCW with “Neutral” recommendation on February 16, 2024. Wells Fargo started covering the stock on January 10, 2024. It rated MCW as “an Overweight”.
Price Performance Review of MCW
On Friday, Mister Car Wash Inc [NYSE:MCW] saw its stock jump 4.87% to $7.32. Over the last five days, the stock has gained 6.24%. Mister Car Wash Inc shares have fallen nearly -15.28% since the year began. Nevertheless, the stocks have fallen -16.63% over the past one year. While a 52-week high of $10.07 was reached on 02/15/24, a 52-week low of $4.80 was recorded on 04/17/24. SMA at 50 days reached $7.28, while 200 days put it at $7.34. A total of 4.4 million shares were traded, compared to the trading of 4.34 million shares in the previous session.
Levels Of Support And Resistance For MCW Stock
The 24-hour chart illustrates a support level at 7.18, which if violated will result in even more drops to 7.05. On the upside, there is a resistance level at 7.49. A further resistance level may holdings at 7.67. The Relative Strength Index (RSI) on the 14-day chart is 58.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.10%. Stochastics %K at 70.09% indicates the stock is a holding.
