Corpay Inc.’s recent filing unveils 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 $5.22 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 $552.64 million.
Wolfe Research downgraded its Corpay Inc. [CPAY] rating to an Underperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “an Outperform”. BMO Capital Markets began covering CPAY with “an Outperform” recommendation on December 05, 2023.
Price Performance Review of CPAY
On Tuesday, Corpay Inc. [NYSE:CPAY] saw its stock fall -2.09% to $273.11. Over the last five days, the stock has lost -3.60%. Corpay Inc. shares have fallen nearly -3.36% since the year began. Nevertheless, the stocks have risen 16.89% over the past one year. While a 52-week high of $319.94 was reached on 03/25/24, a 52-week low of $220.39 was recorded on 02/08/24. SMA at 50 days reached $298.86, while 200 days put it at $272.83. A total of 0.74 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For CPAY Stock
The 24-hour chart illustrates a support level at 271.18, which if violated will result in even more drops to 269.26. On the upside, there is a resistance level at 276.66. A further resistance level may holdings at 280.22. The Relative Strength Index (RSI) on the 14-day chart is 31.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.11%. Stochastics %K at 9.97% indicates the stock is a buying.
