TrueCar (TRUE) Shares are Up 4.32%

TrueCar (TRUE) has been under a strong bear grip, hence the stock is down -5.35% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.79% in the past 1 week. The stock has risen by 4.32% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.47% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 6.92% and the 50-Day Moving Average is 3.61%.The 200 Day SMA reached 31.49%. TrueCar, Inc. is up 30.85% in the last 3-month period. Year-to-Date the stock performance stands at 1.36%.


TrueCar (NASDAQ:TRUE): The stock opened in the green at $9.87 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $9.94 and a low of $9.65 for the day. The stock did not find buyers even at the lows and closed at $9.67 recording a loss of -1.63%. 584,279 shares exchanged hands during the trading day. The stock had closed at $9.83 in the previous days trading.

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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