In a filing, Truecar Inc revealed its EVP, Gen. Counsel & Secretary Swart Jeff unloaded Company’s shares for reported $56304.0 on Aug 21 ’24. In the deal valued at $2.82 per share,20,000 shares were sold. As a result of this transaction, Swart Jeff now holds 390,600 shares worth roughly $0.53 million.
Then, JEFFREY J. SWART bought 20,000 shares, generating $56,304 in total proceeds.
Lake Street downgraded its Truecar Inc [TRUE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late March from “a Neutral” to “an Underweight”. JP Morgan also remained covering TRUE and has decreased its forecast on February 21, 2025 with a “Neutral” recommendation from previously “an Overweight” rating. Lake Street started covering the stock on October 07, 2024. It rated TRUE as “a Buy”.
Price Performance Review of TRUE
On Tuesday, Truecar Inc [NASDAQ:TRUE] saw its stock fall -8.78% to $1.35. Over the last five days, the stock has lost -15.09%. Truecar Inc shares have fallen nearly -63.81% since the year began. Nevertheless, the stocks have fallen -53.12% over the past one year. While a 52-week high of $4.62 was reached on 01/30/25, a 52-week low of $1.25 was recorded on 05/06/25. SMA at 50 days reached $1.7143, while 200 days put it at $3.0803.
Levels Of Support And Resistance For TRUE Stock
The 24-hour chart illustrates a support level at 1.1100, which if violated will result in even more drops to 0.8700. On the upside, there is a resistance level at 1.5300. A further resistance level may holdings at 1.7100. The Relative Strength Index (RSI) on the 14-day chart is 37.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0140, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.37%. Stochastics %K at 57.75% indicates the stock is a holding.
