Corpay Inc’s recent filing unveils that its Director Farrelly Joseph W unloaded Company’s shares for reported $1.12 million on Nov 13 ’24. In the deal valued at $375.18 per share,2,975 shares were sold. As a result of this transaction, Farrelly Joseph W now holds 10,530 shares worth roughly $3.83 million.
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Then, Joseph Farrelly bought 2,975 shares, generating $1,116,161 in total proceeds.
Before that, Joseph Farrelly bought 3,723 shares. Corpay Inc shares valued at $1,396,425 were divested by the Director at a price of $375.08 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 Friday, Corpay Inc [NYSE:CPAY] saw its stock fall -1.87% to $363.36. Over the last five days, the stock has lost -0.72%. Corpay Inc shares have risen nearly 28.57% since the year began. Nevertheless, the stocks have risen 54.06% over the past one year. While a 52-week high of $375.98 was reached on 11/13/24, a 52-week low of $230.68 was recorded on 06/17/24. SMA at 50 days reached $331.98, while 200 days put it at $297.54.
Levels Of Support And Resistance For CPAY Stock
The 24-hour chart illustrates a support level at 360.40, which if violated will result in even more drops to 357.43. On the upside, there is a resistance level at 368.75. A further resistance level may holdings at 374.13. The Relative Strength Index (RSI) on the 14-day chart is 63.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.35%. Stochastics %K at 83.62% 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 2024-10-31, growing by 0.21 million shares to a total of 1.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.35 million shares. There was a rise of 13.5%, which implies that there is a positive 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.
