Corpay Inc’s recent filing unveils 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 $6.16 million.
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 $0.62 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 jump 0.15% to $342.37. Over the last five days, the stock has gained 0.33%. Corpay Inc shares have risen nearly 1.17% since the year began. Nevertheless, the stocks have risen 21.89% over the past one year. While a 52-week high of $385.30 was reached on 01/06/25, a 52-week low of $247.10 was recorded on 01/02/25. SMA at 50 days reached $355.52, while 200 days put it at $309.90.
Levels Of Support And Resistance For CPAY Stock
The 24-hour chart illustrates a support level at 339.50, which if violated will result in even more drops to 336.62. On the upside, there is a resistance level at 347.29. A further resistance level may holdings at 352.21. The Relative Strength Index (RSI) on the 14-day chart is 40.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.31%. Stochastics %K at 25.30% 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 2024-12-13, growing by 40272.0 shares to a total of 1.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.33 million shares. There was a rise of 2.94%, 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.
