Robert W. Baird’s latest rating for CPAY stock

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Corpay Inc.’s recently made public that its Group President, Global Fleet King Alan unloaded Company’s shares for reported $2.03 million on Mar 07 ’24. In the deal valued at $290.45 per share,7,004 shares were sold. As a result of this transaction, King Alan now holds 19,114 shares worth roughly $5.93 million.

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Then, Vickery Alissa B sold 2,794 shares, generating $811,130 in total proceeds. Upon selling the shares at $290.31, the Chief Accounting Officer now owns 1,885 shares.

Before that, Clarke Ronald sold 118,428 shares. Corpay Inc. shares valued at $33,377,748 were divested by the CEO & Chairman of BOD at a price of $281.84 per share. As a result of the transaction, Clarke Ronald now holds 2,023,491 shares, worth roughly $628.03 million.

Robert W. Baird upgraded its Corpay Inc. [CPAY] rating to an Outperform from a a Neutral in a research note published on March 04, 2024; the price target was increased to $330 from $325. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. Robert W. Baird revised its rating on October 11, 2023. It rated CPAY as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of CPAY

On Tuesday, Corpay Inc. [NYSE:CPAY] saw its stock jump 1.46% to $310.37. Over the last five days, the stock has gained 0.88%. Corpay Inc. shares have risen nearly 9.82% since the year began. Nevertheless, the stocks have risen 50.99% over the past one year. While a 52-week high of $319.94 was reached on 03/25/24, a 52-week low of $204.04 was recorded on 02/08/24. SMA at 50 days reached $289.26, while 200 days put it at $264.59.

Levels Of Support And Resistance For CPAY Stock

The 24-hour chart illustrates a support level at 304.34, which if violated will result in even more drops to 298.32. On the upside, there is a resistance level at 313.52. A further resistance level may holdings at 316.68. The Relative Strength Index (RSI) on the 14-day chart is 66.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.14%. Stochastics %K at 59.24% indicates the stock is a holding.

How much short interest is there in Corpay Inc.?

A steep rise in short interest was recorded in Corpay Inc. stocks on Feb 29, 2024, growing by 10000.0 shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.11 million shares. There was a rise of 0.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.21.

The most recent change occurred on July 07, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $310 price target.

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