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An Analysis of Casey’s General Stores, Inc. (CASY)’s Potential Price Growth

In a filing, Casey’s General Stores, Inc. revealed its Officer Koschel Williams Ena acquired Company’s shares for reported $2.07 million on Sep 10 ’24. In the deal valued at $376.01 per share,5,500 shares were bought.

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Then, REBELEZ DARREN M sold 13,500 shares, generating $5,056,238 in total proceeds. Upon selling the shares at $374.54, the President and CEO now owns 73,838 shares.

Before that, Brennan Thomas P JR sold 3,000 shares. Casey’s General Stores, Inc. shares valued at $1,140,720 were divested by the Chief Merch. Officer at a price of $380.24 per share. As a result of the transaction, Brennan Thomas P JR now holds 9,044 shares, worth roughly $3.39 million.

Northcoast upgraded its Casey’s General Stores, Inc. [CASY] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Neutral”. Evercore ISI began covering CASY with “an Outperform” recommendation on March 06, 2024. BMO Capital Markets revised its rating on December 08, 2023. It rated CASY as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of CASY

On Tuesday, Casey’s General Stores, Inc. [NASDAQ:CASY] saw its stock jump 2.16% to $374.91. Over the last five days, the stock has gained 5.63%. Casey’s General Stores, Inc. shares have risen nearly 36.46% since the year began. Nevertheless, the stocks have risen 55.00% over the past one year. While a 52-week high of $401.07 was reached on 07/26/24, a 52-week low of $238.44 was recorded on 01/29/24. SMA at 50 days reached $373.76, while 200 days put it at $323.41.

Levels Of Support And Resistance For CASY Stock

The 24-hour chart illustrates a support level at 368.58, which if violated will result in even more drops to 362.24. On the upside, there is a resistance level at 379.06. A further resistance level may holdings at 383.21. The Relative Strength Index (RSI) on the 14-day chart is 52.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.52%. Stochastics %K at 60.60% indicates the stock is a holding.

How much short interest is there in Casey’s General Stores, Inc.?

A steep rise in short interest was recorded in Casey’s General Stores, Inc. stocks on 2024-08-15, dropping by -0.13 million shares to a total of 0.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.69 million shares. There was a decline of -22.43%, which implies that there is a negative sentiment for the stock.

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