TrueCar (NASDAQ:TRUE) : Traders are bullish on TrueCar (NASDAQ:TRUE) as it has outperformed the S&P 500 by a wide margin of 29.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.41% in the last 1 week, and is up 31.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -20.80% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $11.41 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $7.39 and the 200 Day Moving Average price is recorded at $6.56.
The stock has recorded a 20-day Moving Average of 17.68% and the 50-Day Moving Average is 24.29%.
TrueCar (NASDAQ:TRUE): stock turned positive on Friday. Though the stock opened at $8, the bulls momentum made the stock top out at $8.76 level for the day. The stock recorded a low of $7.94 and closed the trading day at $8.72, in the green by 8.05%. The total traded volume for the day was 982,402. The stock had closed at $8.07 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Truecar, Inc., Claus Christopher W, had purchased 5,000 shares in a transaction dated on March 9, 2016. The transaction was executed at $5.7 per share with total amount equaling $28,500.
TrueCar, Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure, powered by data and analytics. The Company operates its Company-branded platform on its TrueCar.com Website. In addition, it customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, such as USAA and American Express; membership-based organizations, such as Consumer Reports, AARP and AAA, and employee buying programs for enterprises, such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers, known in the industry as original equipment manufacturers (OEMs), to connect with TrueCar users in the purchase process.