Openlane Inc’s recently made public 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 $0.28 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.
JP Morgan downgraded its Openlane Inc [KAR] rating to a Neutral from a an Overweight in a research note published on March 27, 2025; the price target was decreased to $20 from $23. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in late February from “an Equal-weight” to “an Overweight”. Stephens began covering KAR with “an Equal-weight” recommendation on January 22, 2025. BofA Securities revised its rating on April 10, 2024. It rated KAR as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of KAR
On Friday, Openlane Inc [NYSE:KAR] saw its stock fall -0.31% to $19.28. Over the last five days, the stock has lost -6.36%. Openlane Inc shares have fallen nearly -2.82% since the year began. Nevertheless, the stocks have risen 13.68% 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 $20.76, while 200 days put it at $18.55.
Levels Of Support And Resistance For KAR Stock
The 24-hour chart illustrates a support level at 19.03, which if violated will result in even more drops to 18.78. On the upside, there is a resistance level at 19.50. A further resistance level may holdings at 19.72. The Relative Strength Index (RSI) on the 14-day chart is 36.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.55%. Stochastics %K at 26.84% 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 2025-03-14, dropping by -0.46 million shares to a total of 4.36 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.83 million shares. There was a decline of -10.65%, which implies that there is a negative sentiment for the stock.
