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The Potential Rise in the Price of Casey’s General Stores, Inc. (CASY) following insiders activity

Casey’s General Stores, Inc.’s recently made public that its Director Spanos Mike acquired Company’s shares for reported $0.2 million on Jan 03 ’24. In the deal valued at $275.43 per share,725 shares were bought. As a result of this transaction, Spanos Mike now holds 1,791 shares worth roughly $0.57 million.

Then, Brennan Thomas P JR sold 1,430 shares, generating $394,837 in total proceeds. Upon selling the shares at $276.11, the Chief Merch. Officer now owns 7,375 shares.

Evercore ISI initiated its Casey’s General Stores, Inc. [CASY] rating to an Outperform in a research note published on March 06, 2024; the price target was $345. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Market perform”. Credit Suisse also remained covering CASY and has increased its forecast on July 18, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Northcoast revised its rating on April 14, 2023. It rated CASY as “a Buy” which previously was an “a Neutral”.

Price Performance Review of CASY

On Tuesday, Casey’s General Stores, Inc. [NASDAQ:CASY] saw its stock fall -1.14% to $319.58. Over the last five days, the stock has gained 2.00%. Casey’s General Stores, Inc. shares have risen nearly 16.32% since the year began. Nevertheless, the stocks have risen 39.66% over the past one year. While a 52-week high of $324.40 was reached on 03/26/24, a 52-week low of $212.50 was recorded on 01/29/24. SMA at 50 days reached $308.73, while 200 days put it at $278.65. A total of 0.39 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For CASY Stock

The 24-hour chart illustrates a support level at 317.36, which if violated will result in even more drops to 315.14. On the upside, there is a resistance level at 322.46. A further resistance level may holdings at 325.35. The Relative Strength Index (RSI) on the 14-day chart is 60.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.04%. Stochastics %K at 83.57% indicates the stock is a selling.

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