Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Openlane Inc shares valued at $99,999 were purchased by Lakhia Brad S. on Nov 13 ’24. At $20.06 per share, Lakhia Brad S. acquired 4,985 shares. The insider’s holdings grew to 14,303 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Coyle James P sold 6,000 shares, netting a total of over 108,540 in proceeds. Following the sale of shares at $18.09 each, the insider now holds 23,885 shares.
Before that, Money James E. II had sold 14,822 shares from its account. In a trade valued at $234,632, the AFC President traded Openlane Inc shares for $15.83 each. Upon closing the transaction, the insider’s holdings decreased to 14,822 shares, worth approximately $0.88 million.
As published in a research note from BofA Securities on April 10, 2024, Openlane Inc [KAR] has been rated up from an Underperform to a Neutral and the price target has been revised to $20 from $16. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of May 04, 2022, CJS Securities has increased its “Market perform” rating to a “Market outperform” for KAR. Earlier on February 28, 2022, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for KAR stock which previously was a “a Buy”.
Analyzing KAR Stock Performance
During the last five days, there has been a drop of approximately -1.60%. Over the course of the year, Openlane Inc shares have jumped approximately 32.75%. Shares of the company reached a 52-week high of $20.45 on 11/12/24 and a 52-week low of $12.86 on 02/21/24. A 50-day SMA is recorded $16.99, while a 200-day SMA reached $16.85. Nevertheless, trading volume fell to 0.61 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Openlane Inc (KAR)
According to the 24-hour chart, there is a support level at 19.41, which, if violated, would cause prices to drop to 19.17. In the upper region, resistance lies at 19.98. The next price resistance is at 20.31. RSI (Relative Strength Index) is 68.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 17.10%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
