Sunday, June 26, 2022

USX (U.S. Xpress Enterprises Inc.) may reap gains as insiders became active recently

U.S. Xpress Enterprises Inc.’s recent filing unveils that its Chief Transformation Officer Johnson Bryan A. acquired Company’s shares for reported $22199.0 on May 31. In the deal valued at $2.96 per share,7,500 shares were bought. As a result of this transaction, Johnson Bryan A. now holds 41,278 shares worth roughly $ 0.1 million.


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Then, Harwell Nathan H sold 10,097 shares, generating $31,489 in total proceeds. Upon selling the shares at $3.12, the EVP, Chief Legal Off., Sec. now owns 71,820 shares.

Before that, FULLER MAX L bought 81,000 shares. U.S. Xpress Enterprises Inc. shares valued at $250,938 were divested by the Executive Chairman at a price of $3.10 per share. As a result of the transaction, FULLER MAX L now holds 1,658,482 shares, worth roughly $4.03 million.

Meanwhile, JP Morgan downgraded its U.S. Xpress Enterprises Inc. [USX] rating to an Underweight from a a Neutral in a research note published on Tuesday. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early January from “a Peer perform” to “an Underperform”. Morgan Stanley also remained covering USX and has decreased its forecast on December 02, 2021 with a “an Equal-weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on October 22, 2021. It rated USX as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of USX

On Tuesday, U.S. Xpress Enterprises Inc. [NYSE:USX] saw its stock fall -7.95% to $2.43. On the same session, the stock had its day’s lowest price of $2.38, but rose to a high of $2.65. Over the last five days, the stock has lost -9.33%. U.S. Xpress Enterprises Inc. shares have fallen nearly -58.60% since the year began. Nevertheless, the stocks have fallen -74.74% over the past one year. While a 52-week high of $9.96 was reached on 01/05/22, a 52-week low of $2.48 was recorded on 06/21/22. SMA at 50 days reached $3.10, while 200 days put it at $5.50. A total of 0.74 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For USX Stock

The 24-hour chart illustrates a support level at 2.32, which if violated will result in even more drops to 2.22. On the upside, there is a resistance level at 2.59. A further resistance level may holdings at 2.76. The Relative Strength Index (RSI) on the 14-day chart is 36.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.10%. Stochastics %K at 13.23% indicates the stock is a buying.

How much short interest is there in U.S. Xpress Enterprises Inc.?

A steep rise in short interest was recorded in U.S. Xpress Enterprises Inc. stocks on Apr 28, 2022, growing by 1.05 million shares to a total of 2.72 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 1.67 million shares. There was a rise of 38.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.24.

U.S. Xpress Enterprises Inc. [USX] – Who Are The Largest Shareholders?

In filings from Aristotle Capital Boston LLC, it is revealed that the company now owns 3,111,565 shares, or roughly 8.80% of the outstanding USX shares. In other words, the investor’s shares have fallen by -109,948 from its previous 13-F filing of 3221513.0. Additionally, T. Rowe Price Associates, Inc. decreased -0.55% of its stake after which the total value it holdings stand at $4,946,252, while BlackRock Fund Advisors reduced -2.27% of its stake to hold $4.42 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 57,474 shares of U.S. Xpress Enterprises Inc., while Becker Capital Management, Inc. bought 478,499 shares. At present, Royce & Associates LP is holding 864,993 shares valued at $2.56 million. Twenty Acre Capital LP owned 777,606 shares of the company at the time of its most recent 13F filing, worth $2.3 million.

According to FactSet, U.S. Xpress Enterprises Inc.’s share price will average $3.69 in the next year, based on opinions of analysts polled by the firm. This is up nearly 28.03 percent from its previous closing price of $2.64. Analysts expect U.S. Xpress Enterprises Inc. stock to reach the higher price of $5.00, while the lowest price estimate is $3.00. However, 6 analysts have rated USX stock as an Underweight in their predictions for 2022. The most recent change occurred on September 10, 2021 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating.

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