TrueCar (TRUE) Shares are Down -13.93%

TrueCar (TRUE) : During the past 4 weeks, traders have been relatively bearish on TrueCar (TRUE), hence the stock is down -0.86% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -13.36% relative to the S&P 500. The 4-week change in the price of the stock is -1.07% and the stock has fallen -13.93% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 10.56% and the fifty day Moving Average is 1.88%. TrueCar, Inc. is up 24.76% in the last three month period. Year-to-Date the stock performance stands at -2.83%.

TrueCar (TRUE) : The consensus price target for TrueCar (TRUE) is $6.8 for the short term with a standard deviation of $2.49. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $11, however, the pessimist price target for the company is $5.


TrueCar (NASDAQ:TRUE): On Fridays trading session , Opening price of the stock was $9.6 with an intraday high of $9.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.2. However, the stock managed to close at $9.27, a loss of 3.44% for the day. On the previous day, the stock had closed at $9.6. The total traded volume of the day was 1,540,895 shares.

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 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.