TrueCar, Inc., (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced the appointment of Rich DiStefano as its new Senior Vice President of Product. In this role, DiStefano will develop and execute the product strategy for TrueCar, leading the long-term development of features and solutions, ultimately resulting in higher efficiency and consumer engagement through TrueCar's products. DiStefano will report directly to President and CEO, Mike Darrow.
TrueCar (TRUE) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
TrueCar (TRUE) has been struggling lately, but the selling pressure may be coming to an end soon.