Following these proceedings, Susquehanna upgraded its Canadian Pacific Kansas City Limited [CP] rating to a Positive from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Scotiabank also remained covering CP and has increased its forecast on July 10, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. Wells Fargo started covering the stock on June 07, 2024. It rated CP as “an Overweight”.
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Price Performance Review of CP
On Tuesday, Canadian Pacific Kansas City Limited [NYSE:CP] saw its stock jump 0.12% to $77.99. Over the last five days, the stock has lost -2.08%. Canadian Pacific Kansas City Limited shares have fallen nearly -1.35% since the year began. Nevertheless, the stocks have risen 12.14% over the past one year. While a 52-week high of $91.58 was reached on 03/13/24, a 52-week low of $69.08 was recorded on 05/01/24. SMA at 50 days reached $82.73, while 200 days put it at $82.48.
Levels Of Support And Resistance For CP Stock
The 24-hour chart illustrates a support level at 77.62, which if violated will result in even more drops to 77.24. On the upside, there is a resistance level at 78.46. A further resistance level may holdings at 78.92. The Relative Strength Index (RSI) on the 14-day chart is 35.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.49%. Stochastics %K at 12.09% indicates the stock is a buying.
How much short interest is there in Canadian Pacific Kansas City Limited?
A steep rise in short interest was recorded in Canadian Pacific Kansas City Limited stocks on 2024-10-15, dropping by -2.51 million shares to a total of 6.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.35 million shares. There was a decline of -36.66%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 08, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $105 price target.
