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Keeping an Eye on CrossAmerica Partners LP (CAPL) After Insider Trading Activity

CrossAmerica Partners LP’s filing revealed that its Director Kelso Thomas E acquired Company’s shares for reported $9761.0 on May 16 ’24. In the deal valued at $19.52 per share,500 shares were bought. As a result of this transaction, Kelso Thomas E now holds 2,476 shares worth roughly $48678.16.

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Then, Gannon Justin A. bought 500 shares, generating $9,695 in total proceeds. Upon buying the shares at $19.39, the Director now owns 29,860 shares.

Before that, Kelso Thomas E bought 500 shares. CrossAmerica Partners LP shares valued at $10,820 were divested by the Director at a price of $21.64 per share. As a result of the transaction, Kelso Thomas E now holds 1,976 shares, worth roughly $38848.16.

Raymond James downgraded its CrossAmerica Partners LP [CAPL] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late November from “an Equal weight” to “an Underweight”. Wells Fargo also remained covering CAPL and has increased its forecast on January 17, 2020 with a “an Equal weight” recommendation from previously “an Underweight” rating. Wells Fargo revised its rating on January 07, 2020. It rated CAPL as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of CAPL

On Friday, CrossAmerica Partners LP [NYSE:CAPL] saw its stock fall -1.45% to $19.66. Over the last five days, the stock has lost -4.56%. CrossAmerica Partners LP shares have fallen nearly -13.77% since the year began. Nevertheless, the stocks have fallen -0.56% over the past one year. While a 52-week high of $24.19 was reached on 01/30/24, a 52-week low of $18.43 was recorded on 08/05/24. SMA at 50 days reached $19.83, while 200 days put it at $21.54.

Levels Of Support And Resistance For CAPL Stock

The 24-hour chart illustrates a support level at 19.40, which if violated will result in even more drops to 19.13. On the upside, there is a resistance level at 20.13. A further resistance level may holdings at 20.60. The Relative Strength Index (RSI) on the 14-day chart is 46.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.15%. Stochastics %K at 31.55% indicates the stock is a holding.

How much short interest is there in CrossAmerica Partners LP?

A steep rise in short interest was recorded in CrossAmerica Partners LP stocks on 2024-08-15, growing by 15144.0 shares to a total of 92158.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 77014.0 shares. There was a rise of 16.43%, which implies that there is a positive sentiment for the stock.

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