Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Corpay Inc shares valued at $14,892,963 were sold by Netto Armando Lins on Sep 10 ’24. At $307.07 per share, Netto Armando Lins sold 48,500 shares. The insider’s holdings dropped to 28,217 shares worth approximately $9.85 million following the completion of this transaction.
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Also, Netto Armando Lins sold 15,611 shares, netting a total of over 4,810,319 in proceeds. Following the sale of shares at $308.14 each, the insider now holds 28,217 shares.
Before that, Netto Armando Lins had added 48,500 shares to its account. In a trade valued at $14,754,945, the Officer bought Corpay Inc shares for $304.23 each.
As published in a research note from Wolfe Research on September 03, 2024, Corpay Inc [CPAY] has been rated up from an Underperform to a Peer perform. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early June. As of May 17, 2024, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for CPAY. Earlier on March 04, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for CPAY stock which previously was a “a Neutral”.
Analyzing CPAY Stock Performance
During the last five days, there has been a surge of approximately 5.15%. Over the course of the year, Corpay Inc shares have jumped approximately 23.48%. Shares of the company reached a 52-week high of $355.47 on 10/18/24 and a 52-week low of $247.10 on 06/17/24. A 50-day SMA is recorded $323.98, while a 200-day SMA reached $294.98. Nevertheless, trading volume fell to 0.86 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Corpay Inc (CPAY)
According to the 24-hour chart, there is a support level at 342.13, which, if violated, would cause prices to drop to 335.28. In the upper region, resistance lies at 354.02. The next price resistance is at 359.06. RSI (Relative Strength Index) is 64.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.66, which suggests the price will decrease in the coming days. Percent R is at 23.74%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
