Copart, Inc’s filing revealed that its Executive Chairman ADAIR A JAYSON unloaded Company’s shares for reported $16.04 million on Nov 26 ’24. In the deal valued at $63.79 per share,251,423 shares were sold. As a result of this transaction, ADAIR A JAYSON now holds 14,436,557 shares worth roughly $915.13 million.
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Then, ADAIR A JAYSON sold 248,577 shares, generating $15,816,955 in total proceeds. Upon selling the shares at $63.63, the Executive Chairman now owns 14,187,980 shares.
Before that, A JAYSON & TAMMI L ADAIR REV T bought 248,577 shares. Copart, Inc shares valued at $15,816,557 were divested by the Officer at a price of $63.63 per share.
A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in early December with a ‘”a Hold”‘ rating. Argus began covering CPRT with “Buy” recommendation on September 08, 2023. Northcoast revised its rating on May 01, 2023. It rated CPRT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CPRT
On Friday, Copart, Inc [NASDAQ:CPRT] saw its stock fall -0.19% to $63.39. Over the last five days, the stock has gained 11.41%. Copart, Inc shares have risen nearly 29.37% since the year began. Nevertheless, the stocks have risen 26.22% over the past one year. While a 52-week high of $64.38 was reached on 11/27/24, a 52-week low of $46.21 was recorded on 01/05/24. SMA at 50 days reached $54.81, while 200 days put it at $53.83.
Levels Of Support And Resistance For CPRT Stock
The 24-hour chart illustrates a support level at 63.15, which if violated will result in even more drops to 62.90. On the upside, there is a resistance level at 63.85. A further resistance level may holdings at 64.30. The Relative Strength Index (RSI) on the 14-day chart is 76.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.71%. Stochastics %K at 90.16% indicates the stock is a selling.
How much short interest is there in Copart, Inc?
A steep rise in short interest was recorded in Copart, Inc stocks on 2024-10-31, growing by 0.58 million shares to a total of 12.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.75 million shares. There was a rise of 4.73%, which implies that there is a positive sentiment for the stock.
