Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Carvana Co. shares valued at $19,509,625 were sold by GARCIA ERNEST C. II on Oct 22 ’24. At $195.10 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 19,078,763 in proceeds. Following the sale of shares at $190.79 each, the insider now holds 0 shares.
Before that, DANIEL J GILL & LIAN B GILL FA had added 2,837 shares to its account. In a trade valued at $559,882, the Officer bought Carvana Co. shares for $197.35 each.
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 2.04%. Over the course of the year, Carvana Co. shares have jumped approximately 272.76%. Shares of the company reached a 52-week high of $200.50 on 10/23/24 and a 52-week low of $40.21 on 02/01/24. A 50-day SMA is recorded $165.86, while a 200-day SMA reached $111.07. Nevertheless, trading volume fell to 2.53 million shares from 2.75 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 194.15, which, if violated, would cause prices to drop to 190.97. In the upper region, resistance lies at 200.51. The next price resistance is at 203.69. RSI (Relative Strength Index) is 74.45 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.77, which suggests the price will increase in the coming days. Percent R is at 13.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
