Carvana Co’s recent filing unveils that its insider BREAUX PAUL W. unloaded Company’s shares for reported $7.21 million on Oct 31 ’24. In the deal valued at $240.22 per share,30,000 shares were sold. As a result of this transaction, BREAUX PAUL W. now holds 135,025 shares worth roughly $30.93 million.
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Then, GILL DANIEL J. sold 39,000 shares, generating $9,370,867 in total proceeds. Upon selling the shares at $240.28, the Chief Product Officer now owns 247,267 shares.
Before that, GILL DANIEL J. sold 6,000 shares. Carvana Co shares valued at $1,440,000 were divested by the Chief Product Officer at a price of $240.00 per share. As a result of the transaction, GILL DANIEL J. now holds 287,309 shares, worth roughly $65.82 million.
A number of analysts have revised their coverage, including Evercore ISI’s analysts, who remained covering the stock and in mid September has reiterated a ‘”an In-line”‘ rating for it. Stephens began covering CVNA with “an Overweight” recommendation on September 12, 2024. Wells Fargo revised its rating on August 01, 2024. It rated CVNA as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of CVNA
On Friday, Carvana Co [NYSE:CVNA] saw its stock fall -7.37% to $229.08. Over the last five days, the stock has gained 13.11%. Carvana Co shares have risen nearly 332.72% since the year began. Nevertheless, the stocks have risen 781.42% over the past one year. While a 52-week high of $259.39 was reached on 10/31/24, a 52-week low of $25.09 was recorded on 02/01/24. SMA at 50 days reached $174.48, while 200 days put it at $117.02.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 221.92, which if violated will result in even more drops to 214.76. On the upside, there is a resistance level at 242.37. A further resistance level may holdings at 255.66. The Relative Strength Index (RSI) on the 14-day chart is 71.11, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.63%. Stochastics %K at 71.68% indicates the stock is a holding.
How much short interest is there in Carvana Co?
A steep rise in short interest was recorded in Carvana Co stocks on 2024-10-15, dropping by -0.35 million shares to a total of 13.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.0 million shares. There was a decline of -2.59%, which implies that there is a negative sentiment for the stock.
