Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mister Car Wash Inc shares valued at $598,147 were sold by Matheny Joseph Duane on Jan 28 ’25. At $8.05 per share, Matheny Joseph Duane sold 74,304 shares. The insider’s holdings dropped to 81,206 shares worth approximately $0.64 million following the completion of this transaction.
Also, Rogers Veronica sold 6,250 shares, netting a total of over 48,625 in proceeds. Following the sale of shares at $7.78 each, the insider now holds 18,401 shares.
Before that, Rogers Veronica had added 6,250 shares to its account. In a trade valued at $48,610, the Director bought Mister Car Wash Inc shares for $7.78 each.
As published in their initiating research note from Stephens on January 14, 2025, Mister Car Wash Inc [MCW] has been an Equal-weight and the price target has been revised to $8. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early May. As of March 19, 2024, Mizuho has initiated its “Buy” rating for MCW. Earlier on February 16, 2024, JP Morgan initiated its rating. Their recommendation was “a Neutral” for MCW stock.
Analyzing MCW Stock Performance
During the last five days, there has been a drop of approximately -1.13%. Over the course of the year, Mister Car Wash Inc shares have jumped approximately 8.23%. Shares of the company reached a 52-week high of $8.44 on 01/30/25 and a 52-week low of $6.83 on 01/10/25. A 50-day SMA is recorded $7.54, while a 200-day SMA reached $7.10. Nevertheless, trading volume fell to 1.12 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for Mister Car Wash Inc (MCW)
According to the 24-hour chart, there is a support level at 7.80, which, if violated, would cause prices to drop to 7.72. In the upper region, resistance lies at 7.98. The next price resistance is at 8.08. RSI (Relative Strength Index) is 60.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 37.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
