Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Corpay Inc shares valued at $8,125,362 were sold by King Alan on Nov 26 ’24. At $381.97 per share, King Alan sold 21,272 shares. The insider’s holdings dropped to 17,990 shares worth approximately $6.99 million following the completion of this transaction.
Also, King Alan purchased 21,272 shares, netting a total of over 8,080,595 in proceeds.
Before that, Vickery Alissa B had sold 8,000 shares from its account. In a trade valued at $2,960,302, the Chief Accounting Officer traded Corpay Inc shares for $370.04 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $0.7 million.
Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of September 03, 2024, Wolfe Research has increased its “an Underperform” rating to a “Peer perform” for CPAY. Earlier on June 05, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for CPAY stock.
Analyzing CPAY Stock Performance
During the last five days, there has been a surge of approximately 1.95%. Over the course of the year, Corpay Inc shares have jumped approximately 14.85%. Shares of the company reached a 52-week high of $391.10 on 01/30/25 and a 52-week low of $338.21 on 01/02/25. A 50-day SMA is recorded $363.63, while a 200-day SMA reached $316.61. Nevertheless, trading volume fell to 0.67 million shares from 0.37 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 384.19, which, if violated, would cause prices to drop to 379.72. In the upper region, resistance lies at 391.47. The next price resistance is at 394.28. RSI (Relative Strength Index) is 69.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.94, which suggests the price will increase in the coming days. Percent R is at 9.31%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
