Maplebear Inc’s recently made public that its GENERAL COUNSEL & SECRETARY Fong Morgan unloaded Company’s shares for reported $0.21 million on Mar 20 ’25. In the deal valued at $39.52 per share,5,249 shares were sold. As a result of this transaction, Fong Morgan now holds 204,916 shares worth roughly $8.58 million.
Then, Ramsay Alan bought 2,209 shares, generating $87,344 in total proceeds.
Before that, Fong Morgan bought 5,249 shares. Maplebear Inc shares valued at $207,438 were divested by the Officer at a price of $39.52 per share.
Seaport Research Partners initiated its Maplebear Inc [CART] rating to a Buy in a research note published on February 12, 2025; the price target was $62. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Mizuho began covering CART with “an Outperform” recommendation on January 14, 2025. Needham revised its rating on January 13, 2025. It rated CART as “a Buy” which previously was an “a Hold”.
Price Performance Review of CART
On Tuesday, Maplebear Inc [NASDAQ:CART] saw its stock jump 2.37% to $41.88. Over the last five days, the stock has gained 4.28%. Maplebear Inc shares have risen nearly 1.11% since the year began. Nevertheless, the stocks have risen 10.74% over the past one year. While a 52-week high of $53.44 was reached on 02/19/25, a 52-week low of $29.84 was recorded on 03/04/25. SMA at 50 days reached $44.81, while 200 days put it at $40.25.
Levels Of Support And Resistance For CART Stock
The 24-hour chart illustrates a support level at 41.03, which if violated will result in even more drops to 40.17. On the upside, there is a resistance level at 42.38. A further resistance level may holdings at 42.87. The Relative Strength Index (RSI) on the 14-day chart is 50.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.87%. Stochastics %K at 82.26% indicates the stock is a selling.
How much short interest is there in Maplebear Inc?
A steep rise in short interest was recorded in Maplebear Inc stocks on 2025-03-14, dropping by -1.33 million shares to a total of 16.06 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 17.4 million shares. There was a decline of -8.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 10, 2025 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $47 price target.
