Carvana in the rearview mirror?

Carvana's Stock chart

Used car e-commerce platform, Carvana (CVNA), continues to find trouble as its license to do business is suspended in Michigan because they kept selling cars without titles to residents. The stock has fallen from heights of $360 to $15 amidst rising interest rates and recession fears.

The truly troubling piece of Carvana is that insider's purchased more than $500 million worth at $80 a share, with the current price of $15 this investment is worth less than $100 million, talk about a $400 million accident. Will Carvana go bankrupt from marketwide and individual failures or do the insider's know something we don't? We'll keep you posted.