Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carvana Co. shares valued at $17,168,017 were sold by GARCIA ERNEST C. II on Sep 30 ’24. At $171.68 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 100,000 shares, netting a total of over 16,987,964 in proceeds. Following the sale of shares at $169.88 each, the insider now holds 0 shares.
Before that, GARCIA ERNEST C. II had sold 100,000 shares from its account. In a trade valued at $17,050,803, the 10% Owner traded Carvana Co. shares for $170.51 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 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 4.30%. Over the course of the year, Carvana Co. shares have jumped approximately 234.25%. Shares of the company reached a 52-week high of $178.40 on 10/01/24 and a 52-week low of $40.21 on 02/01/24. A 50-day SMA is recorded $149.03, while a 200-day SMA reached $100.78. Nevertheless, trading volume fell to 1.98 million shares from 3.5 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 173.31, which, if violated, would cause prices to drop to 169.67. In the upper region, resistance lies at 179.10. The next price resistance is at 181.25. RSI (Relative Strength Index) is 68.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.27, which suggests the price will increase in the coming days. Percent R is at 3.80%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
