Carvana Co’s recent filing unveils that its Chief Financial Officer JENKINS MARK W. unloaded Company’s shares for reported $5.01 million on Nov 11 ’24. In the deal valued at $250.41 per share,20,000 shares were sold. As a result of this transaction, JENKINS MARK W. now holds 150,732 shares worth roughly $39.09 million.
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Then, JENKINS MARK W. sold 20,000 shares, generating $4,905,200 in total proceeds. Upon selling the shares at $245.26, the Chief Financial Officer now owns 170,732 shares.
Before that, GILL DANIEL J. sold 11,000 shares. Carvana Co shares valued at $2,751,760 were divested by the Chief Product Officer at a price of $250.16 per share. As a result of the transaction, GILL DANIEL J. now holds 236,267 shares, worth roughly $61.28 million.
Morgan Stanley upgraded its Carvana Co [CVNA] rating to an Equal-weight from a an Underweight in a research note published on November 05, 2024; the price target was increased to $260 from $110. Evercore ISI also remained covering CVNA and reiterated its “an In-line” recommendation on September 16, 2024. Stephens started covering the stock on September 12, 2024. It rated CVNA as “an Overweight”.
Price Performance Review of CVNA
On Friday, Carvana Co [NYSE:CVNA] saw its stock jump 4.42% to $259.36. Over the last five days, the stock has gained 7.62%. Carvana Co shares have risen nearly 389.91% since the year began. Nevertheless, the stocks have risen 727.30% over the past one year. While a 52-week high of $259.39 was reached on 11/22/24, a 52-week low of $29.84 was recorded on 02/01/24. SMA at 50 days reached $203.95, while 200 days put it at $131.90.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 251.05, which if violated will result in even more drops to 242.74. On the upside, there is a resistance level at 265.64. A further resistance level may holdings at 271.92. The Relative Strength Index (RSI) on the 14-day chart is 73.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.30%. Stochastics %K at 79.96% indicates the stock is a holding.
How much short interest is there in Carvana Co?
A steep rise in short interest was recorded in Carvana Co stocks on 2024-10-31, dropping by -1.17 million shares to a total of 13.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.55 million shares. There was a decline of -8.73%, which implies that there is a negative sentiment for the stock.
