Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cars.com shares valued at $339,871 were sold by Vetter Thomas Alex on Jul 12 ’24. At $19.23 per share, Vetter Thomas Alex sold 17,674 shares. The insider’s holdings dropped to 598,934 shares worth approximately $11.31 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, Vetter Thomas Alex sold 17,666 shares, netting a total of over 354,910 in proceeds. Following the sale of shares at $20.09 each, the insider now holds 616,608 shares.
Before that, WIENER BRYAN had sold 10,000 shares from its account. In a trade valued at $205,100, the Director traded Cars.com shares for $20.51 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.19 million.
As published in a research note from JP Morgan on August 09, 2024, Cars.com [CARS] has been rated down from an Overweight to a Neutral and the price target has been revised to $19 from $25. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of July 20, 2023, B. Riley Securities has initiated its “Buy” rating for CARS. Earlier on June 27, 2023, JP Morgan initiated its rating. Their recommendation was “an Overweight” for CARS stock.
Analyzing CARS Stock Performance
During the last five days, there has been a surge of approximately 12.31%. Over the course of the year, Cars.com shares have dropped approximately -0.47%. Shares of the company reached a 52-week high of $21.24 on 07/31/24 and a 52-week low of $15.05 on 10/07/24. A 50-day SMA is recorded $16.73, while a 200-day SMA reached $17.87. Nevertheless, trading volume fell to 0.64 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Cars.com (CARS)
According to the 24-hour chart, there is a support level at 18.64, which, if violated, would cause prices to drop to 18.39. In the upper region, resistance lies at 19.31. The next price resistance is at 19.73. RSI (Relative Strength Index) is 71.08 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.15, which suggests the price will increase in the coming days. Percent R is at 15.37%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
