Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cars.com shares valued at $218,152 were sold by Greenthal Jill A on Dec 02 ’24. At $19.85 per share, Greenthal Jill A sold 10,990 shares. The insider’s holdings dropped to 90,973 shares worth approximately $1.09 million following the completion of this transaction.
Also, Greenthal Jill A purchased 10,990 shares, netting a total of over 217,603 in proceeds.
Before that, Greenthal Jill A had sold 4,524 shares from its account. In a trade valued at $89,847, the Director traded Cars.com shares for $19.86 each. Upon closing the transaction, the insider’s holdings decreased to 4,524 shares, worth approximately $1.23 million.
As published in a research note from JP Morgan on August 09, 2024, Cars.com [CARS] has been rated down from an Overweight to a Neutral and the price target has been revised to $19 from $25. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of July 20, 2023, B. Riley Securities has initiated its “Buy” rating for CARS. Earlier on June 27, 2023, JP Morgan initiated its rating. Their recommendation was “an Overweight” for CARS stock.
Analyzing CARS Stock Performance
During the last five days, there has been a drop of approximately -27.14%. Over the course of the year, Cars.com shares have dropped approximately -30.58%. Shares of the company reached a 52-week high of $19.00 on 01/30/25 and a 52-week low of $11.97 on 02/27/25. A 50-day SMA is recorded $17.28, while a 200-day SMA reached $17.99. Nevertheless, trading volume fell to 2.39 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for Cars.com (CARS)
According to the 24-hour chart, there is a support level at 11.02, which, if violated, would cause prices to drop to 10.01. In the upper region, resistance lies at 13.99. The next price resistance is at 15.95. RSI (Relative Strength Index) is 15.37 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.23, which suggests the price will decrease in the coming days. Percent R is at 99.01%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
