HyreCar Inc (NASDAQ:HYRE)’s share price was down 6% on Thursday . The company traded as low as $6.21 and last traded at $6.57. Approximately 1,114,151 shares were traded during trading, an increase of 58% from the average daily volume of 703,357 shares. The stock had previously closed at $6.99.
A number of equities analysts have commented on the company. Zacks Investment Research lowered HyreCar from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine lowered HyreCar from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Northland Securities assumed coverage on HyreCar in a research note on Monday, December 17th. They set an “outperform” rating on the stock.
In other HyreCar news, Director Anshu Bansal sold 400,000 shares of the firm’s stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $1.50, for a total transaction of $600,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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About HyreCar (NASDAQ:HYRE)
HyreCar Inc operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with DriveItAway and the PassTime to deliver dealer-focused vehicle tracking and inventory management solution.
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