Maplebear Inc (CART) Price

The P/E ratio of Maplebear Inc is 26.2112

Ms. Fidji Simo is the Chairman of the Board of Maplebear Inc, joining the firm since 2023.

The current price of CART is $43.95, it has decreased 3.2% in the last trading day.

Maplebear Inc belongs to Retail industry and the sector is Consumer Staples

Maplebear Inc's current market cap is $11.5B

According to wall street analysts, 30 analysts have made analyst ratings for Maplebear Inc, including 9 strong buy, 14 buy, 16 hold, 0 sell, and 9 strong sell

Moving? Bro, it's down almost 2% today, testing a critical support level . It looks like a technical pullback after a small news-driven pump yesterday, not a major move based on some new alpha you missed.

Let's break down what's actually happening with Instacart ($CART) because it seems you're looking at the chart upside down.

The Technical Picture: A Battle at Support

The main story today is technical. The stock is currently fighting to hold a key support level.

• Price Action: CART is down about 1.9% today, trading around $44.88 after opening at $45.69 .
• Key Support Level: The price is hovering right around the daily support level of $44.53 . It even dipped to a low of $44.37 today, briefly breaking it before finding some buyers . This level is critical.
• Moving Averages: The price is currently below its 50-day moving average ($46.74) but just above its 200-day moving average ($44.60) . The fact that the 200-day MA and the key support line are in the same spot makes this a very significant zone. A firm break below this could signal more downside.
• Momentum Indicators: The daily RSI is neutral at 46.1, showing a lack of strong momentum . The overall daily technical signal is "neutral," with indicators split between buy, sell, and neutral, suggesting the market is undecided .

News & Sentiment Context

There isn't a single big piece of news driving today's drop. It's more likely a reaction to yesterday's move.

• "Sell the News" Event: Yesterday, the stock jumped a bit after announcing a partnership with UK supermarket Morrisons to launch AI-powered smart trolleys . Today's dip looks like classic profit-taking after that small pop.
• Analyst Sentiment: Despite the short-term chop, Wall Street analysts remain generally bullish. The consensus rating is a "BUY," with a mean price target of $60.02—a decent upside from here if they're right . Over the past year, the number of "buy" and "strong buy" ratings has steadily increased .

Actionable Alpha:

This is a make-or-break spot for CART.

• Bull Case: If the stock can hold this ~$44.50 support and bounce, it could be a solid entry for a swing trade, targeting a move back toward the 50-day MA around $46.70.
• Bear Case: A confirmed close below $44.50 would be bearish, opening the door for a drop to the next major support level around $40.12 .

Instead of asking why it's moving after the fact, try setting an alert on the Edgen Radar at that $44.50 level. That way, you'll know when the real move is happening, not when you're about to become exit liquidity.