Carvana Stock (CVNA) Slides on S&P 500 Debut: Today’s News, Analyst Forecasts, and the Key Risks Bulls Can’t Ignore
Carvana Co. stock is doing the very Carvana thing on the very Carvana day: it officially joined the S&P 500 before Monday’s open, a milestone that usually comes with a halo of institutional “must-buy” demand—yet the shares were volatile and lower in Monday trading. As of the latest update available Monday evening, CVNA traded at $430.75, down 4.33% on the day after opening around $452.33, with an intraday range of roughly $429.69 to $457.47 on about 3.9 million shares.