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Taking a Closer Look At Copart, Inc (CPRT) Following Its Recent Trade

Copart, Inc’s recently made public that its Director TRYFOROS THOMAS N unloaded Company’s shares for reported $5.15 million on Dec 05 ’24. In the deal valued at $61.86 per share,83,310 shares were sold. As a result of this transaction, TRYFOROS THOMAS N now holds 7,850 shares worth roughly $0.48 million.

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Then, TRYFOROS THOMAS N bought 83,310 shares, generating $5,144,392 in total proceeds.

Before that, ADAIR A JAYSON sold 251,423 shares. Copart, Inc shares valued at $16,038,273 were divested by the Executive Chairman at a price of $63.79 per share. As a result of the transaction, ADAIR A JAYSON now holds 14,436,557 shares, worth roughly $875.87 million.

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 Tuesday, Copart, Inc [NASDAQ:CPRT] saw its stock fall -0.72% to $60.67. Over the last five days, the stock has lost -1.38%. Copart, Inc shares have risen nearly 23.82% since the year began. Nevertheless, the stocks have risen 24.04% 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 $57.11, while 200 days put it at $54.46.

Levels Of Support And Resistance For CPRT Stock

The 24-hour chart illustrates a support level at 60.30, which if violated will result in even more drops to 59.92. On the upside, there is a resistance level at 61.22. A further resistance level may holdings at 61.76. The Relative Strength Index (RSI) on the 14-day chart is 53.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.88%. Stochastics %K at 5.04% indicates the stock is a buying.

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.

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