Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carvana Co shares valued at $5,008,122 were sold by JENKINS MARK W. on Nov 11 ’24. At $250.41 per share, JENKINS MARK W. sold 20,000 shares. The insider’s holdings dropped to 150,732 shares worth approximately $36.85 million following the completion of this transaction.
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Also, JENKINS MARK W. sold 20,000 shares, netting a total of over 4,905,200 in proceeds. Following the sale of shares at $245.26 each, the insider now holds 170,732 shares.
Before that, GILL DANIEL J. had sold 11,000 shares from its account. In a trade valued at $2,751,760, the Chief Product Officer traded Carvana Co shares for $250.16 each. Upon closing the transaction, the insider’s holdings decreased to 11,000 shares, worth approximately $57.77 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 1.88%. Over the course of the year, Carvana Co shares have jumped approximately 361.84%. 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 $199.45, while a 200-day SMA reached $129.87. Nevertheless, trading volume fell to 1.8 million shares from 1.76 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 240.84, which, if violated, would cause prices to drop to 237.18. In the upper region, resistance lies at 251.08. The next price resistance is at 257.66. RSI (Relative Strength Index) is 66.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.32, which suggests the price will increase in the coming days. Percent R is at 29.43%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
