In a filing, Corpay Inc. revealed its Director Farrelly Joseph W unloaded Company’s shares for reported $1.0 million on Aug 29 ’24. In the deal valued at $310.14 per share,3,225 shares were sold. As a result of this transaction, Farrelly Joseph W now holds 13,505 shares worth roughly $4.26 million.
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Then, Joseph Farrelly bought 3,225 shares, generating $999,750 in total proceeds.
Before that, Vickery Alissa B bought 5,276 shares. Corpay Inc. shares valued at $1,542,597 were divested by the Officer at a price of $292.38 per share.
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 Friday, Corpay Inc. [NYSE:CPAY] saw its stock jump 1.46% to $315.55. Over the last five days, the stock has gained 5.90%. Corpay Inc. shares have risen nearly 11.66% since the year began. Nevertheless, the stocks have risen 15.48% 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 $284.82, while 200 days put it at $280.68.
Levels Of Support And Resistance For CPAY Stock
The 24-hour chart illustrates a support level at 310.66, which if violated will result in even more drops to 305.77. On the upside, there is a resistance level at 318.03. A further resistance level may holdings at 320.51. The Relative Strength Index (RSI) on the 14-day chart is 71.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.19%. Stochastics %K at 94.63% indicates the stock is a selling.
How much short interest is there in Corpay Inc.?
A steep rise in short interest was recorded in Corpay Inc. stocks on 2024-08-15, dropping by -0.3 million shares to a total of 1.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.28 million shares. There was a decline of -14.89%, which implies that there is a negative sentiment for the stock.
