In a filing, Openlane Inc revealed its EVP & CFO Lakhia Brad S. acquired Company’s shares for reported $99999.0 on Nov 13 ’24. In the deal valued at $20.06 per share,4,985 shares were bought. As a result of this transaction, Lakhia Brad S. now holds 14,303 shares worth roughly $0.3 million.
Then, Coyle James P sold 6,000 shares, generating $108,540 in total proceeds. Upon selling the shares at $18.09, the EVP, President NA Marketplaces now owns 23,885 shares.
Before that, Money James E. II sold 14,822 shares. Openlane Inc shares valued at $234,632 were divested by the AFC President at a price of $15.83 per share. As a result of the transaction, Money James E. II now holds 44,604 shares, worth roughly $0.93 million.
Stephens initiated its Openlane Inc [KAR] rating to an Equal-weight in a research note published on January 22, 2025; the price target was $20. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early April from “an Underperform” to “a Neutral”. BofA Securities also remained covering KAR and has decreased its forecast on January 09, 2023 with a “an Underperform” recommendation from previously “Buy” rating. CJS Securities revised its rating on May 04, 2022. It rated KAR as “a Market outperform” which previously was an “a Market perform”.
Price Performance Review of KAR
On Monday, Openlane Inc [NYSE:KAR] saw its stock jump 0.97% to $20.85. Over the last five days, the stock has gained 3.73%. Openlane Inc shares have risen nearly 5.09% since the year began. Nevertheless, the stocks have risen 46.73% over the past one year. While a 52-week high of $20.85 was reached on 01/27/25, a 52-week low of $12.86 was recorded on 01/13/25. SMA at 50 days reached $20.20, while 200 days put it at $17.81.
Levels Of Support And Resistance For KAR Stock
The 24-hour chart illustrates a support level at 20.59, which if violated will result in even more drops to 20.32. On the upside, there is a resistance level at 21.04. A further resistance level may holdings at 21.22. The Relative Strength Index (RSI) on the 14-day chart is 60.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.48%. Stochastics %K at 91.23% indicates the stock is a selling.
How much short interest is there in Openlane Inc?
A steep rise in short interest was recorded in Openlane Inc stocks on 2024-12-31, growing by 40570.0 shares to a total of 4.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.34 million shares. There was a rise of 0.93%, which implies that there is a positive sentiment for the stock.
