Maplebear Inc.’s recent filing unveils that its Officer Fong Morgan acquired Company’s shares for reported $0.49 million on Oct 21 ’24. In the deal valued at $42.97 per share,11,325 shares were bought.
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Then, Ramsay Alan bought 2,559 shares, generating $109,960 in total proceeds.
Before that, Simo Fidji sold 20,750 shares. Maplebear Inc. shares valued at $834,635 were divested by the PRESIDENT AND CEO at a price of $40.22 per share. As a result of the transaction, Simo Fidji now holds 1,824,028 shares, worth roughly $80.22 million.
Jefferies initiated its Maplebear Inc. [CART] rating to a Hold in a research note published on October 16, 2024; the price target was $43. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late September with a ‘”a Mkt perform”‘ rating. Cantor Fitzgerald began covering CART with “an Overweight” recommendation on September 05, 2024. Wolfe Research started covering the stock on July 16, 2024. It rated CART as “a Peer perform”.
Price Performance Review of CART
On Tuesday, Maplebear Inc. [NASDAQ:CART] saw its stock jump 2.45% to $43.98. Over the last five days, the stock has gained 2.28%. Maplebear Inc. shares have risen nearly 87.39% since the year began. Nevertheless, the stocks have risen 76.98% over the past one year. While a 52-week high of $45.01 was reached on 10/22/24, a 52-week low of $22.13 was recorded on 01/05/24. SMA at 50 days reached $38.20, while 200 days put it at $33.92.
Levels Of Support And Resistance For CART Stock
The 24-hour chart illustrates a support level at 42.94, which if violated will result in even more drops to 41.91. On the upside, there is a resistance level at 45.07. A further resistance level may holdings at 46.17. The Relative Strength Index (RSI) on the 14-day chart is 65.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.26%. Stochastics %K at 70.03% 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 2024-09-30, growing by 3.6 million shares to a total of 15.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.77 million shares. There was a rise of 23.43%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 11, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating.
