TrueCar Inc. (TRUE) Soars 5.64%

TrueCar Inc. (TRUE) Soars 5.64%

TrueCar Inc. (TRUE) had a good day on the market for Monday November 25 as shares jumped 5.64% to close at $5.16. About 3.56 million shares traded hands on 13,927 trades for the day, compared with an average daily volume of n/a shares out of a total float of 106.6 million. After opening the trading day at $4.93, shares of TrueCar Inc. stayed within a range of $5.16 to $4.82.

With today’s gains, TrueCar Inc. now has a market cap of $549.5 million. Shares of TrueCar Inc. have been trading within a range of $10.89 and $3.01 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

TrueCar Inc is a data-driven online platform operating on a common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, such as USAA and Consumer Reports, financial institutions, and other large enterprises such as Boeing and Verizon. 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.

TrueCar Inc. is based out of Santa Monica, CA and has some 773 employees. Its CEO is Michael Darrow.

TrueCar Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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