In a filing, Carvana Co revealed its Chief Financial Officer JENKINS MARK W. unloaded Company’s shares for reported $2.01 million on Jan 02 ’25. In the deal valued at $200.75 per share,10,000 shares were sold. As a result of this transaction, JENKINS MARK W. now holds 189,097 shares worth roughly $33.5 million.
Then, MARK JENKINS bought 10,000 shares, generating $2,033,600 in total proceeds.
Before that, KEETON RYAN S. sold 24,845 shares. Carvana Co shares valued at $6,158,992 were divested by the Chief Brand Officer at a price of $247.90 per share. As a result of the transaction, KEETON RYAN S. now holds 151,029 shares, worth roughly $26.76 million.
Morgan Stanley upgraded its Carvana Co [CVNA] rating to an Equal-weight from a an Underweight in a research note published on November 05, 2024; the price target was increased to $260 from $110. Evercore ISI also remained covering CVNA and reiterated its “an In-line” recommendation on September 16, 2024. Stephens started covering the stock on September 12, 2024. It rated CVNA as “an Overweight”.
Price Performance Review of CVNA
On Friday, Carvana Co [NYSE:CVNA] saw its stock fall -11.22% to $177.16. Over the last five days, the stock has lost -20.93%. Carvana Co shares have fallen nearly -12.88% since the year began. Nevertheless, the stocks have risen 279.44% over the past one year. While a 52-week high of $268.34 was reached on 01/02/25, a 52-week low of $40.21 was recorded on 01/03/25. SMA at 50 days reached $235.05, while 200 days put it at $154.50.
Levels Of Support And Resistance For CVNA Stock
The 24-hour chart illustrates a support level at 169.22, which if violated will result in even more drops to 161.28. On the upside, there is a resistance level at 191.30. A further resistance level may holdings at 205.44. The Relative Strength Index (RSI) on the 14-day chart is 21.13, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -29.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.91%. Stochastics %K at 9.03% indicates the stock is a buying.
How much short interest is there in Carvana Co?
A steep rise in short interest was recorded in Carvana Co stocks on 2024-12-13, dropping by -0.56 million shares to a total of 12.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 13.0 million shares. There was a decline of -4.5%, which implies that there is a negative sentiment for the stock.
