Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Casey’s General Stores, Inc. shares valued at $199,687 were purchased by Spanos Mike on Jan 03 ’24. At $275.43 per share, Spanos Mike acquired 725 shares. The insider’s holdings grew to 1,791 shares worth approximately $0.66 million following the completion of this transaction.
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Also, Brennan Thomas P JR sold 1,430 shares, netting a total of over 394,837 in proceeds. Following the sale of shares at $276.11 each, the insider now holds 7,375 shares.
As published in a research note from Northcoast on May 15, 2024, Casey’s General Stores, Inc. [CASY] has been rated down from a Buy to a Neutral. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in early March. As of December 08, 2023, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for CASY. Earlier on July 18, 2023, Credit Suisse upgraded its rating. Their new recommendation was “an Outperform” for CASY stock which previously was a “a Neutral”.
Analyzing CASY Stock Performance
During the last five days, there has been a drop of approximately -3.04%. Over the course of the year, Casey’s General Stores, Inc. shares have jumped approximately 34.70%. Shares of the company reached a 52-week high of $389.43 on 06/12/24 and a 52-week low of $268.07 on 01/29/24. A 50-day SMA is recorded $343.00, while a 200-day SMA reached $299.86. Nevertheless, trading volume fell to 0.11 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Casey’s General Stores, Inc. (CASY)
According to the 24-hour chart, there is a support level at 368.57, which, if violated, would cause prices to drop to 366.88. In the upper region, resistance lies at 373.38. The next price resistance is at 376.51. RSI (Relative Strength Index) is 57.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.80, which suggests the price will decrease in the coming days. Percent R is at 77.99%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
