Maplebear Inc’s recent filing unveils that its GENERAL COUNSEL & SECRETARY Fong Morgan unloaded Company’s shares for reported $1.41 million on Nov 07 ’24. In the deal valued at $48.03 per share,29,253 shares were sold. As a result of this transaction, Fong Morgan now holds 258,406 shares worth roughly $11.05 million.
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Then, Fong Morgan bought 29,253 shares, generating $1,405,812 in total proceeds.
Before that, Simo Fidji sold 20,750 shares. Maplebear Inc shares valued at $921,026 were divested by the PRESIDENT AND CEO at a price of $44.39 per share. As a result of the transaction, Simo Fidji now holds 1,803,278 shares, worth roughly $77.14 million.
Jefferies initiated its Maplebear Inc [CART] rating to a Hold in a research note published on October 16, 2024; the price target was $43. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late September with a ‘”a Mkt perform”‘ rating. Cantor Fitzgerald began covering CART with “an Overweight” recommendation on September 05, 2024. Wolfe Research started covering the stock on July 16, 2024. It rated CART as “a Peer perform”.
Price Performance Review of CART
On Tuesday, Maplebear Inc [NASDAQ:CART] saw its stock jump 4.57% to $42.78. Over the last five days, the stock has lost -11.50%. Maplebear Inc shares have risen nearly 82.28% since the year began. Nevertheless, the stocks have risen 69.43% over the past one year. While a 52-week high of $50.01 was reached on 11/07/24, a 52-week low of $22.13 was recorded on 01/05/24. SMA at 50 days reached $42.43, while 200 days put it at $35.92.
Levels Of Support And Resistance For CART Stock
The 24-hour chart illustrates a support level at 41.01, which if violated will result in even more drops to 39.23. On the upside, there is a resistance level at 43.72. A further resistance level may holdings at 44.65. The Relative Strength Index (RSI) on the 14-day chart is 45.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.48%. Stochastics %K at 13.83% indicates the stock is a buying.
How much short interest is there in Maplebear Inc?
A steep rise in short interest was recorded in Maplebear Inc stocks on 2024-10-31, dropping by -4.57 million shares to a total of 10.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.38 million shares. There was a decline of -42.33%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 11, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating.
