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JP Morgan upgrades Mister Car Wash Inc (MCW) stock to an Overweight

Mister Car Wash Inc’s recent filing unveils that its General Counsel Hartmann Markus unloaded Company’s shares for reported $4360.0 on Dec 01 ’24. In the deal valued at $8.00 per share,545 shares were sold. As a result of this transaction, Hartmann Markus now holds 6,292 shares worth roughly $49077.6.

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Then, Matheny Joseph Duane sold 37,152 shares, generating $305,018 in total proceeds. Upon selling the shares at $8.21, the Chief Innovation Officer now owns 81,206 shares.

Before that, Gold Jedidiah Marc sold 66,122 shares. Mister Car Wash Inc shares valued at $562,698 were divested by the Chief Financial Officer at a price of $8.51 per share. As a result of the transaction, Gold Jedidiah Marc now holds 44,854 shares, worth roughly $0.35 million.

JP Morgan upgraded its Mister Car Wash Inc [MCW] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. JP Morgan began covering MCW with “Neutral” recommendation on February 16, 2024. Wells Fargo started covering the stock on January 10, 2024. It rated MCW as “an Overweight”.

Price Performance Review of MCW

On Tuesday, Mister Car Wash Inc [NYSE:MCW] saw its stock fall -3.23% to $7.80. Over the last five days, the stock has lost -4.99%. Mister Car Wash Inc shares have fallen nearly -9.72% since the year began. Nevertheless, the stocks have risen 1.30% over the past one year. While a 52-week high of $9.45 was reached on 02/15/24, a 52-week low of $5.84 was recorded on 09/10/24. SMA at 50 days reached $7.19, while 200 days put it at $7.10.

Levels Of Support And Resistance For MCW Stock

The 24-hour chart illustrates a support level at 7.71, which if violated will result in even more drops to 7.63. On the upside, there is a resistance level at 7.96. A further resistance level may holdings at 8.13. The Relative Strength Index (RSI) on the 14-day chart is 52.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.48%. Stochastics %K at 41.65% indicates the stock is a holding.

How much short interest is there in Mister Car Wash Inc?

A steep rise in short interest was recorded in Mister Car Wash Inc stocks on 2024-11-15, dropping by -0.39 million shares to a total of 10.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.58 million shares. There was a decline of -3.81%, which implies that there is a negative sentiment for the stock.

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