Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Americas Car Mart, Inc. shares valued at $1,524,913 were purchased by Peterson Adam K on Jun 18 ’24. At $57.74 per share, Peterson Adam K acquired 26,410 shares. The insider’s holdings grew to 768,410 shares worth approximately $33.13 million following the completion of this transaction.
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Also, Peterson Adam K purchased 13,550 shares, netting a total of over 784,138 in proceeds. Following the buying of shares at $57.87 each, the insider now holds 742,000 shares.
Before that, Campbell Douglas W. Jr. had added 3,229 shares to its account. In a trade valued at $198,985, the President & CEO bought Americas Car Mart, Inc. shares for $61.62 each. Upon closing the transaction, the insider’s holdings increased to 3,229 shares, worth approximately $3.05 million.
As published in their initiating research note from BTIG Research on June 07, 2024, Americas Car Mart, Inc. [CRMT] has been a Neutral. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early January. As of July 17, 2023, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for CRMT. Earlier on August 19, 2022, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for CRMT stock which previously was a “an Overweight”.
Analyzing CRMT Stock Performance
During the last five days, there has been a drop of approximately -9.28%. Over the course of the year, Americas Car Mart, Inc. shares have dropped approximately -43.09%. Shares of the company reached a 52-week high of $74.10 on 03/08/24 and a 52-week low of $40.60 on 09/19/24. A 50-day SMA is recorded $59.83, while a 200-day SMA reached $62.19. Nevertheless, trading volume fell to 1.03 million shares from 87400.0 shares the previous day.
Support And Resistance Levels for Americas Car Mart, Inc. (CRMT)
According to the 24-hour chart, there is a support level at 40.68, which, if violated, would cause prices to drop to 38.23. In the upper region, resistance lies at 45.48. The next price resistance is at 47.84. RSI (Relative Strength Index) is 27.67 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.41, which suggests the price will decrease in the coming days. Percent R is at 87.52%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
