In a filing, Corpay Inc. revealed its Group President Netto Armando Lins unloaded Company’s shares for reported $14.89 million on Sep 10 ’24. In the deal valued at $307.07 per share,48,500 shares were sold. As a result of this transaction, Netto Armando Lins now holds 28,217 shares worth roughly $9.51 million.
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Then, Netto Armando Lins sold 15,611 shares, generating $4,810,319 in total proceeds. Upon selling the shares at $308.14, the Group President now owns 28,217 shares.
Before that, Netto Armando Lins bought 48,500 shares. Corpay Inc. shares valued at $14,754,945 were divested by the Officer at a price of $304.23 per share.
Wolfe Research upgraded its Corpay Inc. [CPAY] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early June with a ‘”an Equal weight”‘ rating. Wolfe Research also remained covering CPAY and has decreased its forecast on May 17, 2024 with a “an Underperform” recommendation from previously “Peer perform” rating. Robert W. Baird revised its rating on March 04, 2024. It rated CPAY as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of CPAY
On Tuesday, Corpay Inc. [NYSE:CPAY] saw its stock jump 1.21% to $337.06. Over the last five days, the stock has gained 7.05%. Corpay Inc. shares have risen nearly 19.27% since the year began. Nevertheless, the stocks have risen 32.42% over the past one year. While a 52-week high of $333.34 was reached on 10/08/24, a 52-week low of $220.39 was recorded on 06/17/24. SMA at 50 days reached $301.83, while 200 days put it at $288.81.
Levels Of Support And Resistance For CPAY Stock
The 24-hour chart illustrates a support level at 333.78, which if violated will result in even more drops to 330.49. On the upside, there is a resistance level at 340.14. A further resistance level may holdings at 343.21. The Relative Strength Index (RSI) on the 14-day chart is 76.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 17.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.65%. Stochastics %K at 96.99% 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 2024-09-13, dropping by 62984.0 shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.98 million shares. There was a decline of -3.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 05, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $300 price target.
