The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Corpay Inc shares valued at $1,116,161 were purchased by Joseph Farrelly on Nov 13 ’24. At $375.18 per share, Joseph Farrelly acquired 2,975 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Joseph Farrelly purchased 3,723 shares, netting a total of over 1,396,425 in proceeds.
Before that, Netto Armando Lins had sold 48,500 shares from its account. In a trade valued at $14,892,963, the Group President traded Corpay Inc shares for $307.07 each. Upon closing the transaction, the insider’s holdings decreased to 48,500 shares, worth approximately $10.46 million.
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 6.25%. Over the course of the year, Corpay Inc shares have jumped approximately 31.19%. Shares of the company reached a 52-week high of $375.98 on 11/13/24 and a 52-week low of $247.10 on 06/17/24. A 50-day SMA is recorded $329.46, while a 200-day SMA reached $296.79. Nevertheless, trading volume fell to 0.51 million shares from 0.61 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 368.41, which, if violated, would cause prices to drop to 366.06. In the upper region, resistance lies at 374.55. The next price resistance is at 378.34. RSI (Relative Strength Index) is 71.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 26.84, which suggests the price will increase in the coming days. Percent R is at 10.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
