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Investing in Cars.com (CARS) Is Getting More Attractive

In a filing, Cars.com revealed its CEO Vetter Thomas Alex unloaded Company’s shares for reported $0.35 million on Jun 14 ’24. In the deal valued at $20.09 per share,17,666 shares were sold. As a result of this transaction, Vetter Thomas Alex now holds 616,608 shares worth roughly $11.72 million.

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Then, WIENER BRYAN sold 10,000 shares, generating $205,100 in total proceeds. Upon selling the shares at $20.51, the Director now owns 62,913 shares.

Before that, Vetter Thomas Alex sold 25,373 shares. Cars.com shares valued at $482,087 were divested by the CEO at a price of $19.00 per share. As a result of the transaction, Vetter Thomas Alex now holds 634,274 shares, worth roughly $12.05 million.

UBS initiated its Cars.com [CARS] rating to a Neutral in a research note published on September 15, 2023; the price target was $20. 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 Buy”‘ rating. JP Morgan began covering CARS with “an Overweight” recommendation on June 27, 2023. BTIG Research maintained its rating on June 21, 2022. It rated CARS as “a Buy”.

Price Performance Review of CARS

On Tuesday, Cars.com [NYSE:CARS] saw its stock jump 1.12% to $19.00. Over the last five days, the stock has lost -3.65%. Cars.com shares have risen nearly 0.16% since the year began. Nevertheless, the stocks have fallen -4.14% over the past one year. While a 52-week high of $22.84 was reached on 06/13/24, a 52-week low of $14.82 was recorded on 04/16/24. SMA at 50 days reached $18.74, while 200 days put it at $17.99. A total of 0.41 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For CARS Stock

The 24-hour chart illustrates a support level at 18.76, which if violated will result in even more drops to 18.52. On the upside, there is a resistance level at 19.18. A further resistance level may holdings at 19.36. The Relative Strength Index (RSI) on the 14-day chart is 43.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.24%. Stochastics%K at 12.44% indicates the stock is a buying.

The most recent change occurred on February 02, 2022 when Northcoast began covering the stock and recommended ‘”a Neutral”‘ rating.

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