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An Analysis of Mister Car Wash Inc (MCW)’s Potential Price Growth

Mister Car Wash Inc’s recently made public that its Chief Innovation Officer Matheny Joseph Duane unloaded Company’s shares for reported $0.31 million on Nov 01 ’24. In the deal valued at $8.21 per share,37,152 shares were sold. As a result of this transaction, Matheny Joseph Duane now holds 81,206 shares worth roughly $0.63 million.

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Then, Gold Jedidiah Marc sold 66,122 shares, generating $562,698 in total proceeds. Upon selling the shares at $8.51, the Chief Financial Officer now owns 44,854 shares.

Before that, JOSEPH MATHENY bought 148,608 shares. Mister Car Wash Inc shares valued at $1,230,474 were divested by the Officer at a price of $8.28 per share.

JP Morgan upgraded its Mister Car Wash Inc [MCW] rating to an Overweight from a a Neutral in a research note published on A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. JP Morgan began covering MCW with “Neutral” recommendation on February 16, 2024. Wells Fargo started covering the stock on January 10, 2024. It rated MCW as “an Overweight”.

Price Performance Review of MCW

On Tuesday, Mister Car Wash Inc [NYSE:MCW] saw its stock fall -0.39% to $7.72. Over the last five days, the stock has lost -6.76%. Mister Car Wash Inc shares have fallen nearly -10.65% since the year began. Nevertheless, the stocks have risen 4.04% over the past one year. While a 52-week high of $9.45 was reached on 02/15/24, a 52-week low of $5.84 was recorded on 09/10/24. SMA at 50 days reached $6.92, while 200 days put it at $7.15.

Levels Of Support And Resistance For MCW Stock

The 24-hour chart illustrates a support level at 7.63, which if violated will result in even more drops to 7.55. On the upside, there is a resistance level at 7.77. A further resistance level may holdings at 7.82. The Relative Strength Index (RSI) on the 14-day chart is 57.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.35%. Stochastics %K at 55.92% indicates the stock is a holding.

How much short interest is there in Mister Car Wash Inc?

A steep rise in short interest was recorded in Mister Car Wash Inc stocks on 2024-10-31, growing by 0.34 million shares to a total of 10.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.48 million shares. There was a rise of 3.14%, which implies that there is a positive sentiment for the stock.

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