Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carvana Co shares valued at $46,793,400 were sold by JENKINS MARK W. on Nov 04 ’24. At $224.43 per share, JENKINS MARK W. sold 208,495 shares. The insider’s holdings dropped to 90,732 shares worth approximately $21.68 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, JENKINS MARK W. sold 40,000 shares, netting a total of over 9,330,766 in proceeds. Following the sale of shares at $233.27 each, the insider now holds 50,732 shares.
Before that, JENKINS MARK W. had sold 20,000 shares from its account. In a trade valued at $4,835,656, the Chief Financial Officer traded Carvana Co shares for $241.78 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $40.79 million.
As published in a research note from Morgan Stanley on November 05, 2024, Carvana Co [CVNA] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $260 from $110. As of September 16, 2024, Evercore ISI has reiterated its “an In-line” rating for CVNA. Earlier on September 12, 2024, Stephens initiated its rating. Their recommendation was “an Overweight” for CVNA stock.
Analyzing CVNA Stock Performance
During the last five days, there has been a surge of approximately 15.25%. Over the course of the year, Carvana Co shares have jumped approximately 351.32%. Shares of the company reached a 52-week high of $259.39 on 10/31/24 and a 52-week low of $40.21 on 02/01/24. A 50-day SMA is recorded $178.97, while a 200-day SMA reached $119.83. Nevertheless, trading volume fell to 2.95 million shares from 2.48 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 233.40, which, if violated, would cause prices to drop to 227.86. In the upper region, resistance lies at 244.73. The next price resistance is at 250.53. RSI (Relative Strength Index) is 73.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 20.82, which suggests the price will increase in the coming days. Percent R is at 28.78%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
