Casey’s General Stores Shares Slide as Investors Weigh Recent Insider Selling

Casey’s General Stores, Inc. (CASY) is down 4.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a wave of recent insider selling rather than a new negative operating update. This could be because investors are locking in gains after a strong run in the stock and reacting to multiple July insider filings from senior executives and a director.

Details:

A Form 4 filed on July 10 showed President and CEO Darren Rebelez sold 19,000 shares on July 7 at weighted average prices mostly around the high-$700s to low-$800s.

Additional July filings showed Chief Financial Officer Stephen Bramlage sold 5,700 shares, Chief Operating Officer Ena Williams sold 2,800 shares, and director Allison Wing sold 530 shares.

Recent Form 144 filings also signaled planned insider sales, which can pressure sentiment even when they do not reflect a change in the company’s long-term outlook.

There does not appear to be a fresh negative business update from the company; Casey’s most recent quarterly results and its June 24 strategic plan highlighted record fiscal 2026 earnings, continued store expansion, and a goal to add at least 400 stores over three years.

Sources:

SEC, Casey’s Investor Relations, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CASY Insider Trading Activity

$CASY insiders have traded $CASY stock on the open market 30 times in the past 6 months. Of those trades, 2 have been purchases and 28 have been sales.

Here’s a breakdown of recent trading of $CASY stock by insiders over the last 6 months:

DARREN M REBELEZ (President and CEO) has made 0 purchases and 20 sales selling 19,000 shares for an estimated $15,227,687.
STEPHEN P JR BRAMLAGE (Chief Financial Officer) sold 5,700 shares for an estimated $4,777,512
WILLIAMS ENA KOSCHEL (Chief Operating Officer) has made 0 purchases and 2 sales selling 5,800 shares for an estimated $4,689,932.
CHAD MICHAEL FRAZELL (Chief HR Officer) has made 0 purchases and 2 sales selling 3,013 shares for an estimated $2,372,710.
KATRINA S LINDSEY (Chief Legal Officer) has made 0 purchases and 2 sales selling 2,200 shares for an estimated $1,736,608.
ALLISON M. WING sold 530 shares for an estimated $443,917
MIKE SPANOS has made 2 purchases buying 556 shares for an estimated $399,004 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$CASY Hedge Fund Activity

We have seen 462 institutional investors add shares of $CASY stock to their portfolio, and 360 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 2,657,454 shares (-99.9%) from their portfolio in Q1 2026, for an estimated $1,934,254,468
BLACKROCK, INC. added 740,419 shares (+21.2%) to their portfolio in Q1 2026, for an estimated $538,921,373
THIRD POINT LLC removed 455,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $331,176,300
CITADEL ADVISORS LLC removed 375,516 shares (-89.1%) from their portfolio in Q1 2026, for an estimated $273,323,075
MARSHALL WACE, LLP added 335,669 shares (+354.5%) to their portfolio in Q1 2026, for an estimated $244,320,038
NUVEEN, LLC added 327,828 shares (+250.1%) to their portfolio in Q1 2026, for an estimated $238,612,888
MORGAN STANLEY removed 291,138 shares (-23.7%) from their portfolio in Q1 2026, for an estimated $211,907,704

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CASY Congressional Stock Trading

Members of Congress have traded $CASY stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $CASY stock by members of Congress over the last 6 months:

REPRESENTATIVE RICK LARSEN purchased up to $15,000 on 04/07.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CASY Analyst Ratings

Wall Street analysts have issued reports on $CASY in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

William Blair issued a "Outperform" rating on 05/20/2026
Wells Fargo issued a "Overweight" rating on 03/10/2026

To track analyst ratings and price targets for $CASY, check out Quiver Quantitative's $CASY forecast page.

$CASY Price Targets

Multiple analysts have issued price targets for $CASY recently. We have seen 12 analysts offer price targets for $CASY in the last 6 months, with a median target of $955.0.

Here are some recent targets:

Kelly Bania from BMO Capital set a target price of $950.0 on 06/29/2026
Irene Nattel from RBC Capital set a target price of $850.0 on 06/25/2026
Steve McManus from BNP Paribas set a target price of $995.0 on 06/25/2026
Bonnie Herzog from Goldman Sachs set a target price of $795.0 on 06/25/2026
Michael Montani from Evercore ISI Group set a target price of $975.0 on 06/23/2026
Thomas Palmer from JP Morgan set a target price of $975.0 on 06/12/2026
Pooran Sharma from Stephens & Co. set a target price of $975.0 on 06/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.