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CarGurus Inc [CARG] stock was sold by Zales Samuel at the price of US$0.38 million

In a filing, CarGurus Inc revealed its COO and President Zales Samuel unloaded Company’s shares for reported $0.38 million on Apr 16 ’24. In the deal valued at $21.42 per share,17,668 shares were sold. As a result of this transaction, Zales Samuel now holds 548,845 shares worth roughly $13.29 million.

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Then, Sarnoff Dafna sold 4,301 shares, generating $96,600 in total proceeds. Upon selling the shares at $22.46, the Chief Marketing Officer now owns 155,617 shares.

Before that, Sarnoff Dafna sold 4,301 shares. CarGurus Inc shares valued at $99,095 were divested by the Chief Marketing Officer at a price of $23.04 per share. As a result of the transaction, Sarnoff Dafna now holds 163,798 shares, worth roughly $3.97 million.

Needham reiterated its CarGurus Inc [CARG] rating to a Buy in a research note published on February 27, 2024; the price target was $24. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. B. Riley Securities began covering CARG with “Buy” recommendation on July 20, 2023. JP Morgan started covering the stock on June 27, 2023. It rated CARG as “an Overweight”.

Price Performance Review of CARG

On Friday, CarGurus Inc [NASDAQ:CARG] saw its stock jump 8.71% to $24.22. Over the last five days, the stock has gained 6.46%. CarGurus Inc shares have risen nearly 0.25% since the year began. Nevertheless, the stocks have risen 28.76% over the past one year. While a 52-week high of $24.64 was reached on 05/10/24, a 52-week low of $16.70 was recorded on 04/17/24. SMA at 50 days reached $22.79, while 200 days put it at $21.07. A total of 1.95 million shares were traded, compared to the trading of 1.46 million shares in the previous session.

Levels Of Support And Resistance For CARG Stock

The 24-hour chart illustrates a support level at 23.47, which if violated will result in even more drops to 22.73. On the upside, there is a resistance level at 24.86. A further resistance level may holdings at 25.51. The Relative Strength Index (RSI) on the 14-day chart is 62.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.49%. Stochastics %K at 42.94% indicates the stock is a holding.

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