TrueCar (TRUE) Shares are Up 4.79%

TrueCar (TRUE) : Traders are bullish on TrueCar (TRUE) as it has outperformed the S&P 500 by a wide margin of 26.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.73%, 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 4.79% in the last 1 week, and is up 27.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 12.59% and the 50-Day Moving Average is 27.96%. TrueCar (NASDAQ:TRUE): On Fridays trading session , Opening price of the stock was $10.81 with an intraday high of $10.872. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.6. However, the stock managed to close at $10.72, a loss of 1.20% for the day. On the previous day, the stock had closed at $10.85. The total traded volume of the day was 589,891 shares.


The company Insiders own 17.3% of TrueCar shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.75% . Institutional Investors own 55.41% of TrueCar shares. During last six month period, the net percent change held by insiders has seen a change of -10.63%. Also, Loop Capital initiates coverage on TrueCar (NASDAQ:TRUE) In a research note issued to the investors, the brokerage major announces price-target of $11 per share.The shares have been rated Hold. The rating by the firm was issued on August 11, 2016.

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.

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