What's Going On With Carvana Stock Today?
Portfolio Pulse from Ryan Gustafson
Carvana Co. (NYSE:CVNA) shares are trading lower, pulling back from recent gains. This follows an upgrade from S&P Global to 'CCC+' from 'D' and a year-to-date increase of 929.37%. The stock has a high short interest with 45.45% of shares currently sold short.
September 13, 2023 | 7:12 pm
News sentiment analysis
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NEGATIVE IMPACT
Carvana's stock is trading lower despite recent gains and an upgrade from S&P Global. The stock has a high short interest, indicating potential volatility.
Carvana's stock is trading lower, which is a negative impact. Despite the recent upgrade from S&P Global and significant year-to-date gains, the high short interest indicates that many investors are betting against the stock, which could lead to increased volatility and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100