Corpay Inc’s recently made public that its Group President, Global Fleet King Alan unloaded Company’s shares for reported $8.13 million on Nov 26 ’24. In the deal valued at $381.97 per share,21,272 shares were sold. As a result of this transaction, King Alan now holds 17,990 shares worth roughly $6.51 million.
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
Then, King Alan bought 21,272 shares, generating $8,080,595 in total proceeds.
Before that, Vickery Alissa B sold 8,000 shares. Corpay Inc shares valued at $2,960,302 were divested by the Chief Accounting Officer at a price of $370.04 per share. As a result of the transaction, Vickery Alissa B now holds 1,797 shares, worth roughly $0.65 million.
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 Monday, Corpay Inc [NYSE:CPAY] saw its stock fall -1.10% to $361.72. Over the last five days, the stock has lost -5.55%. Corpay Inc shares have risen nearly 27.99% since the year began. Nevertheless, the stocks have risen 41.26% over the past one year. While a 52-week high of $385.30 was reached on 11/25/24, a 52-week low of $247.10 was recorded on 06/17/24. SMA at 50 days reached $351.67, while 200 days put it at $304.73.
Levels Of Support And Resistance For CPAY Stock
The 24-hour chart illustrates a support level at 358.07, which if violated will result in even more drops to 354.41. On the upside, there is a resistance level at 368.19. A further resistance level may holdings at 374.65. The Relative Strength Index (RSI) on the 14-day chart is 46.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.50%. Stochastics %K at 26.47% indicates the stock is a holding.
How much short interest is there in Corpay Inc?
A steep rise in short interest was recorded in Corpay Inc stocks on 2024-11-15, dropping by -0.48 million shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.81 million shares. There was a decline of -36.34%, which implies that there is a negative 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.
