The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Carvana Co. shares valued at $15,016,431 were sold by GARCIA ERNEST C. II on Sep 16 ’24. At $150.16 per share, GARCIA ERNEST C. II sold 100,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, GARCIA ERNEST C. II sold 75,000 shares, netting a total of over 10,654,289 in proceeds. Following the sale of shares at $142.06 each, the insider now holds 0 shares.
Before that, GARCIA ERNEST C. II had sold 75,000 shares from its account. In a trade valued at $10,369,636, the 10% Owner traded Carvana Co. shares for $138.26 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $0.0.
Analysts at Evercore ISI resumed the stock at ‘”an In-line”‘ outlook in a report released in mid September. As of September 12, 2024, Stephens has initiated its “an Overweight” rating for CVNA. Earlier on August 01, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for CVNA stock which previously was a “an Equal weight”.
Analyzing CVNA Stock Performance
During the last five days, there has been a surge of approximately 21.03%. Over the course of the year, Carvana Co. shares have jumped approximately 205.31%. Shares of the company reached a 52-week high of $167.75 on 09/18/24 and a 52-week low of $40.21 on 02/01/24. A 50-day SMA is recorded $141.14, while a 200-day SMA reached $94.16. Nevertheless, trading volume fell to 6.36 million shares from 5.66 million shares the previous day.
Support And Resistance Levels for Carvana Co. (CVNA)
According to the 24-hour chart, there is a support level at 156.68, which, if violated, would cause prices to drop to 151.73. In the upper region, resistance lies at 167.17. The next price resistance is at 172.70. RSI (Relative Strength Index) is 64.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.91, which suggests the price will increase in the coming days. Percent R is at 14.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
