Cars.com’s filing revealed that its Director Greenthal Jill A unloaded Company’s shares for reported $0.22 million on Dec 02 ’24. In the deal valued at $19.85 per share,10,990 shares were sold. As a result of this transaction, Greenthal Jill A now holds 90,973 shares worth roughly $1.58 million.
Then, Greenthal Jill A bought 10,990 shares, generating $217,603 in total proceeds.
Before that, Greenthal Jill A sold 4,524 shares. Cars.com shares valued at $89,847 were divested by the Director at a price of $19.86 per share. As a result of the transaction, Greenthal Jill A now holds 101,963 shares, worth roughly $1.77 million.
JP Morgan downgraded its Cars.com [CARS] rating to a Neutral from a an Overweight in a research note published on August 09, 2024; the price target was decreased to $19 from $25. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. B. Riley Securities began covering CARS with “Buy” recommendation on July 20, 2023. JP Morgan started covering the stock on June 27, 2023. It rated CARS as “an Overweight”.
Price Performance Review of CARS
On Tuesday, Cars.com [NYSE:CARS] saw its stock fall -0.57% to $17.36. Over the last five days, the stock has lost -4.35%. Cars.com shares have fallen nearly -8.49% since the year began. Nevertheless, the stocks have fallen -11.38% over the past one year. While a 52-week high of $21.24 was reached on 07/31/24, a 52-week low of $15.05 was recorded on 10/07/24. SMA at 50 days reached $17.84, while 200 days put it at $17.93.
Levels Of Support And Resistance For CARS Stock
The 24-hour chart illustrates a support level at 17.18, which if violated will result in even more drops to 17.00. On the upside, there is a resistance level at 17.49. A further resistance level may holdings at 17.62. The Relative Strength Index (RSI) on the 14-day chart is 37.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.56%. Stochastics %K at 9.94% indicates the stock is a buying.
How much short interest is there in Cars.com?
A steep rise in short interest was recorded in Cars.com stocks on 2024-11-29, dropping by 61879.0 shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.64 million shares. There was a decline of -3.91%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 21, 2022 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $16.
