Openlane Inc’s filing revealed that 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 $0.29 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.
Stephens upgraded its Openlane Inc [KAR] rating to an Overweight from a an Equal-weight in a research note published on February 28, 2025; the price target was increased to $26 from $20. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in late January with a ‘”an Equal-weight”‘ rating. BofA Securities also remained covering KAR and has increased its forecast on April 10, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. BofA Securities revised its rating on January 09, 2023. It rated KAR as “an Underperform” which previously was an “a Buy”.
Price Performance Review of KAR
On Friday, Openlane Inc [NYSE:KAR] saw its stock fall -0.24% to $20.59. Over the last five days, the stock has lost -0.48%. Openlane Inc shares have risen nearly 3.78% since the year began. Nevertheless, the stocks have risen 24.79% over the past one year. While a 52-week high of $22.47 was reached on 02/28/25, a 52-week low of $15.44 was recorded on 02/18/25. SMA at 50 days reached $20.74, while 200 days put it at $18.46.
Levels Of Support And Resistance For KAR Stock
The 24-hour chart illustrates a support level at 20.29, which if violated will result in even more drops to 19.98. On the upside, there is a resistance level at 20.90. A further resistance level may holdings at 21.20. The Relative Strength Index (RSI) on the 14-day chart is 47.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.78%. Stochastics %K at 33.19% indicates the stock is a holding.
How much short interest is there in Openlane Inc?
A steep rise in short interest was recorded in Openlane Inc stocks on 2025-02-28, dropping by 97075.0 shares to a total of 4.42 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.52 million shares. There was a decline of -2.2%, which implies that there is a negative sentiment for the stock.
