In a filing, Maplebear Inc. revealed its PRESIDENT AND CEO Simo Fidji unloaded Company’s shares for reported $1.16 million on Aug 28 ’24. In the deal valued at $35.27 per share,33,000 shares were sold. As a result of this transaction, Simo Fidji now holds 1,844,778 shares worth roughly $64.07 million.
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Then, Simo Fidji bought 33,000 shares, generating $1,163,958 in total proceeds.
Before that, Fong Morgan sold 10,992 shares. Maplebear Inc. shares valued at $358,894 were divested by the GENERAL COUNSEL & SECRETARY at a price of $32.65 per share. As a result of the transaction, Fong Morgan now holds 339,231 shares, worth roughly $11.78 million.
Wolfe Research initiated its Maplebear Inc. [CART] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid July with a ‘”a Sector weight”‘ rating. Gordon Haskett also remained covering CART and has increased its forecast on June 05, 2024 with a “Buy” recommendation from previously “Hold” rating. Loop Capital started covering the stock on April 19, 2024. It rated CART as “a Buy”.
Price Performance Review of CART
On Tuesday, Maplebear Inc. [NASDAQ:CART] saw its stock fall -3.23% to $34.73. Over the last five days, the stock has lost -4.46%. Maplebear Inc. shares have risen nearly 47.98% since the year began. SMA at 50 days reached $33.71, while 200 days put it at $31.20.
Levels Of Support And Resistance For CART Stock
The 24-hour chart illustrates a support level at 34.42, which if violated will result in even more drops to 34.11. On the upside, there is a resistance level at 35.20. A further resistance level may holdings at 35.66. The Relative Strength Index (RSI) on the 14-day chart is 53.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.20%. Stochastics %K at 68.52% indicates the stock is a holding.
How much short interest is there in Maplebear Inc.?
A steep rise in short interest was recorded in Maplebear Inc. stocks on 2024-08-15, dropping by -3.77 million shares to a total of 11.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 15.48 million shares. There was a decline of -32.17%, which implies that there is a negative sentiment for the stock.
