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Taking a look at what insiders are doing to gauge the Copart, Inc (CPRT)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Copart, Inc shares valued at $1,740,000 were purchased by Morefield Diane M on Dec 23 ’24. At $58.00 per share, Morefield Diane M acquired 30,000 shares.

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Also, TRYFOROS THOMAS N sold 83,310 shares, netting a total of over 5,153,557 in proceeds. Following the sale of shares at $61.86 each, the insider now holds 7,850 shares.

Before that, TRYFOROS THOMAS N had added 83,310 shares to its account. In a trade valued at $5,144,392, the Director bought Copart, Inc shares for $61.75 each.

Analysts at HSBC Securities started covering the stock with ‘”a Hold”‘ outlook in a report released in early December. As of September 08, 2023, Argus has initiated its “Buy” rating for CPRT. Earlier on May 01, 2023, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for CPRT stock which previously was a “a Buy”.

Analyzing CPRT Stock Performance

During the last five days, there has been a drop of approximately -3.18%. Over the course of the year, Copart, Inc shares have jumped approximately 19.88%. Shares of the company reached a 52-week high of $64.38 on 11/27/24 and a 52-week low of $46.21 on 01/05/24. A 50-day SMA is recorded $57.44, while a 200-day SMA reached $54.56. Nevertheless, trading volume fell to 1.89 million shares from 3.69 million shares the previous day.

Support And Resistance Levels for Copart, Inc (CPRT)

According to the 24-hour chart, there is a support level at 58.54, which, if violated, would cause prices to drop to 57.97. In the upper region, resistance lies at 59.40. The next price resistance is at 59.69. RSI (Relative Strength Index) is 45.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.01, which suggests the price will decrease in the coming days. Percent R is at 72.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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