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Insider Buying: BARNES JIM, CarParts.com Inc [PRTS] Director invested 94,000 shares

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. CarParts.com Inc shares valued at $103,400 were purchased by BARNES JIM on Jun 11 ’24. At $1.10 per share, BARNES JIM acquired 94,000 shares. The insider’s holdings grew to 252,097 shares worth approximately $0.21 million following the completion of this transaction.

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Also, GREYSON JAY KEITH purchased 41,658 shares, netting a total of over 43,324 in proceeds. Following the buying of shares at $1.04 each, the insider now holds 282,107 shares.

As published in their initiating research note from Lake Street on March 04, 2022, CarParts.com Inc [PRTS] has been a Buy and the price target has been revised to $18. As of September 01, 2020, DA Davidson has initiated its “Buy” rating for PRTS. Earlier on January 08, 2020, Craig Hallum initiated its rating. Their recommendation was “a Buy” for PRTS stock.

Analyzing PRTS Stock Performance

During the last five days, there has been a surge of approximately 16.18%. Over the course of the year, CarParts.com Inc shares have dropped approximately -73.73%. Shares of the company reached a 52-week high of $3.3150 on 01/02/24 and a 52-week low of $0.6800 on 10/24/24. A 50-day SMA is recorded $0.8391, while a 200-day SMA reached $1.3851. Nevertheless, trading volume fell to 1.74 million shares from 0.36 million shares the previous day.

Support And Resistance Levels for CarParts.com Inc (PRTS)

According to the 24-hour chart, there is a support level at 0.7469, which, if violated, would cause prices to drop to 0.6638. In the upper region, resistance lies at 0.9166. The next price resistance is at 1.0032. RSI (Relative Strength Index) is 53.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0115, which suggests the price will decrease in the coming days. Percent R is at 37.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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