Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carvana Co shares valued at $6,158,992 were sold by KEETON RYAN S. on Dec 12 ’24. At $247.90 per share, KEETON RYAN S. sold 24,845 shares. The insider’s holdings dropped to 151,029 shares worth approximately $33.68 million following the completion of this transaction.
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Also, PLATT IRA J. sold 25,000 shares, netting a total of over 6,107,461 in proceeds. Following the sale of shares at $244.30 each, the insider now holds 5,227 shares.
Before that, RYAN SCOTT KEETON had added 24,845 shares to its account. In a trade valued at $6,158,989, the Officer bought Carvana Co shares for $247.90 each.
As published in a research note from Morgan Stanley on November 05, 2024, Carvana Co [CVNA] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $260 from $110. As of September 16, 2024, Evercore ISI has reiterated its “an In-line” rating for CVNA. Earlier on September 12, 2024, Stephens initiated its rating. Their recommendation was “an Overweight” for CVNA stock.
Analyzing CVNA Stock Performance
During the last five days, there has been a drop of approximately -10.01%. Over the course of the year, Carvana Co shares have jumped approximately 321.19%. Shares of the company reached a 52-week high of $268.34 on 11/25/24 and a 52-week low of $40.21 on 02/01/24. A 50-day SMA is recorded $231.64, while a 200-day SMA reached $148.57. Nevertheless, trading volume fell to 4.45 million shares from 2.2 million shares the previous day.
Support And Resistance Levels for Carvana Co (CVNA)
According to the 24-hour chart, there is a support level at 214.81, which, if violated, would cause prices to drop to 206.64. In the upper region, resistance lies at 238.23. The next price resistance is at 253.49. RSI (Relative Strength Index) is 38.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.34, which suggests the price will decrease in the coming days. Percent R is at 97.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
