Corpay Inc’s recently made public that its Director MACCHIA RICHARD acquired Company’s shares for reported $0.91 million on Feb 10 ’25. In the deal valued at $375.23 per share,2,427 shares were bought.
Then, MACCHIA RICHARD sold 2,427 shares, generating $910,683 in total proceeds. Upon selling the shares at $375.23, the Director now owns 12,215 shares.
Before that, King Alan sold 21,272 shares. Corpay Inc shares valued at $8,125,362 were divested by the Group President, Global Fleet at a price of $381.97 per share. As a result of the transaction, King Alan now holds 17,990 shares, worth roughly $5.19 million.
A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. Wolfe Research also remained covering CPAY and has increased its forecast on September 03, 2024 with a “Peer perform” recommendation from previously “an Underperform” rating. Wells Fargo started covering the stock on June 05, 2024. It rated CPAY as “an Equal weight”.
Price Performance Review of CPAY
On Monday, Corpay Inc [NYSE:CPAY] saw its stock fall -0.10% to $288.29. Over the last five days, the stock has lost -17.33%. Corpay Inc shares have fallen nearly -14.81% since the year began. Nevertheless, the stocks have fallen -5.43% over the past one year. While a 52-week high of $400.81 was reached on 02/06/25, a 52-week low of $247.10 was recorded on 04/07/25. SMA at 50 days reached $357.73, while 200 days put it at $332.26.
Levels Of Support And Resistance For CPAY Stock
The 24-hour chart illustrates a support level at 271.66, which if violated will result in even more drops to 255.04. On the upside, there is a resistance level at 302.27. A further resistance level may holdings at 316.25. The Relative Strength Index (RSI) on the 14-day chart is 26.04, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -43.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.26%. Stochastics %K at 10.07% indicates the stock is a buying.
How much short interest is there in Corpay Inc?
A steep rise in short interest was recorded in Corpay Inc stocks on 2025-03-14, growing by 0.16 million shares to a total of 1.71 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.55 million shares. There was a rise of 9.5%, which implies that there is a positive sentiment for the stock.
