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Why KAR Auction Services Is Trading Higher Today

May 5, 2021 2:14 pm
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The Price And Volume Action In KAR Auction Services's Stock Today

KAR Auction Services's (NYSE:KAR) stock has been rising Wednesday, up 19.6% to a price of $17.18. Wednesday the stock has been traded at a volume of 5.75 million, about 294.97% of its recent 30-day volume average of 1.95 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: KAR Auction Services shares are trading higher after the company late Tuesday reported better-than-expected Q1 results.

Further Analysis of Recent Price Action

The 50-day moving average price of KAR Auction Services's stock was $15.14 when this article was published. The stock reached a high of $20.85 and a low of $10.28 in the past 52 weeks.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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