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Investing in Corpay Inc. (CPAY) Is Getting More Attractive

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Corpay Inc.’s filing revealed that its Chief Accounting Officer Vickery Alissa B unloaded Company’s shares for reported $2.9 million on Mar 07 ’24. In the deal valued at $290.31 per share,10,000 shares were sold. As a result of this transaction, Vickery Alissa B now holds 1,797 shares worth roughly $0.48 million.

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Then, King Alan sold 7,004 shares, generating $2,034,345 in total proceeds. Upon selling the shares at $290.45, the Group President, Global Fleet now owns 19,114 shares.

Before that, Vickery Alissa B sold 2,794 shares. Corpay Inc. shares valued at $811,130 were divested by the Chief Accounting Officer at a price of $290.31 per share. As a result of the transaction, Vickery Alissa B now holds 1,885 shares, worth roughly $0.51 million.

Wells Fargo initiated its Corpay Inc. [CPAY] rating to an Equal weight in a research note published on June 05, 2024; the price target was $285. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid May from “a Peer perform” to “an Underperform”. Robert W. Baird also remained covering CPAY and has increased its forecast on March 04, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. BMO Capital Markets started covering the stock on December 05, 2023. It rated CPAY as “an Outperform”.

Price Performance Review of CPAY

On Tuesday, Corpay Inc. [NYSE:CPAY] saw its stock jump 0.75% to $268.26. Over the last five days, the stock has lost -0.76%. Corpay Inc. shares have fallen nearly -5.08% since the year began. Nevertheless, the stocks have risen 6.84% 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 06/17/24. SMA at 50 days reached $276.36, while 200 days put it at $272.29. A total of 0.55 million shares were traded, compared to the trading of 0.93 million shares in the previous session.

Levels Of Support And Resistance For CPAY Stock

The 24-hour chart illustrates a support level at 264.93, which if violated will result in even more drops to 261.61. On the upside, there is a resistance level at 271.52. A further resistance level may holdings at 274.79. The Relative Strength Index (RSI) on the 14-day chart is 52.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.63%. Stochastics%K at 79.25% indicates the stock is a holding.

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