As this happened, 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 fall -0.94% to $75.59. Over the last five days, the stock has lost -1.91%. Canadian Pacific Kansas City Limited shares have fallen nearly -4.39% since the year began. Nevertheless, the stocks have risen 1.02% over the past one year. While a 52-week high of $91.58 was reached on 03/13/24, a 52-week low of $72.22 was recorded on 05/01/24. SMA at 50 days reached $79.08, while 200 days put it at $81.88.
Levels Of Support And Resistance For CP Stock
The 24-hour chart illustrates a support level at 74.74, which if violated will result in even more drops to 73.90. On the upside, there is a resistance level at 76.46. A further resistance level may holdings at 77.34. The Relative Strength Index (RSI) on the 14-day chart is 44.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.70%. Stochastics %K at 60.07% indicates the stock is a holding.
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 2024-11-15, growing by 2.36 million shares to a total of 9.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.84 million shares. There was a rise of 25.64%, which implies that there is a positive 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.
