Truecar Inc’s recently made public that its EVP, Gen. Counsel & Secretary Swart Jeff unloaded Company’s shares for reported $51970.0 on Mar 01 ’24. In the deal valued at $3.46 per share,15,000 shares were sold. As a result of this transaction, Swart Jeff now holds 310,044 shares worth roughly $0.96 million.
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Then, Swart Jeff sold 15,000 shares, generating $51,819 in total proceeds. Upon selling the shares at $3.45, the EVP, Gen. Counsel & Secretary now owns 325,044 shares.
Before that, Swart Jeff sold 15,000 shares. Truecar Inc shares valued at $49,179 were divested by the EVP, Gen. Counsel & Secretary at a price of $3.28 per share. As a result of the transaction, Swart Jeff now holds 340,044 shares, worth roughly $1.05 million.
BTIG Research downgraded its Truecar Inc [TRUE] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Needham also remained covering TRUE and has increased its forecast on March 14, 2023 with a “Buy” recommendation from previously “Hold” rating. BTIG Research revised its rating on November 09, 2022. It rated TRUE as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TRUE
On Tuesday, Truecar Inc [NASDAQ:TRUE] saw its stock jump 2.31% to $3.10. Over the last five days, the stock has gained 8.01%. Truecar Inc shares have fallen nearly -10.40% since the year began. Nevertheless, the stocks have risen 37.17% over the past one year. While a 52-week high of $4.05 was reached on 02/21/24, a 52-week low of $1.76 was recorded on 04/30/24. SMA at 50 days reached $2.88, while 200 days put it at $2.93. A total of 0.23 million shares were traded, compared to the trading of 0.52 million shares in the previous session.
Levels Of Support And Resistance For TRUE Stock
The 24-hour chart illustrates a support level at 3.03, which if violated will result in even more drops to 2.96. On the upside, there is a resistance level at 3.15. A further resistance level may holdings at 3.21. The Relative Strength Index (RSI) on the 14-day chart is 59.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.28%. Stochastics%K at 76.24% indicates the stock is a holding.
