Sunday, June 26, 2022

WERN (Werner Enterprises Inc.) may reap gains as insiders became active recently

Werner Enterprises Inc.’s recently made public that its Director Arves Scott C acquired Company’s shares for reported $49032.0 on Dec 20. In the deal valued at $44.58 per share,1,100 shares were bought. As a result of this transaction, Arves Scott C now holds 3,359 shares worth roughly $ 0.13 million.


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In the meantime, Susquehanna upgraded its Werner Enterprises Inc. [WERN] rating to a Positive from a a Neutral in a research note published on Tuesday, April 26, 2022; the price target was decreased to $46 from $49. PT values the company’s stock at a premium of 18.43 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “an Underperform”. Stephens also remained covering WERN and has decreased its forecast on April 01, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on March 24, 2022. It rated WERN as “an Equal weight” which previously was an “an Underweight”.

Price Performance Review of WERN

On Tuesday, Werner Enterprises Inc. [NASDAQ:WERN] saw its stock jump 0.89% to $37.52. On the same session, the stock had its day’s lowest price of $37.03, but rose to a high of $37.78. Over the last five days, the stock has lost -3.45%. Werner Enterprises Inc. shares have fallen nearly -21.28% since the year began. Nevertheless, the stocks have fallen -14.12% over the past one year. While a 52-week high of $48.79 was reached on 01/05/22, a 52-week low of $36.29 was recorded on 04/08/22. SMA at 50 days reached $39.71, while 200 days put it at $43.58. A total of 0.61 million shares were traded, compared to the trading of 0.78 million shares in the previous session.

Levels Of Support And Resistance For WERN Stock

The 24-hour chart illustrates a support level at 37.11, which if violated will result in even more drops to 36.69. On the upside, there is a resistance level at 37.86. A further resistance level may holdings at 38.19. The Relative Strength Index (RSI) on the 14-day chart is 36.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.04%. Stochastics %K at 12.76% indicates the stock is a buying.

How much short interest is there in Werner Enterprises Inc.?

A steep rise in short interest was recorded in Werner Enterprises Inc. stocks on Apr 28, 2022, dropping by -0.54 million shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 4.2 million shares. There was a decline of -14.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.89% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.14.

Werner Enterprises Inc. [WERN] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,176,505 shares, or roughly 11.03% of the outstanding WERN shares. In other words, the investor’s shares have fallen by -770,356 from its previous 13-F filing of 7946861.0. Additionally, The Vanguard Group, Inc. increased 0.56% of its stake after which the total value it holdings stand at $221,798,462, while Dimensional Fund Advisors LP added 0.94% of its stake to hold $149.5 million in the firm. Over the last quarter, Macquarie Investment Management B purchased 114,733 shares of Werner Enterprises Inc., while Victory Capital Management, Inc. bought 203,502 shares. At present, LSV Asset Management is holding 2,533,769 shares valued at $102.8 million. SSgA Funds Management, Inc. owned 2,409,733 shares of the company at the time of its most recent 13F filing, worth $97.76 million.

According to FactSet, Werner Enterprises Inc.’s share price will average $47.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.69 percent from its previous closing price of $37.19. Analysts expect Werner Enterprises Inc. stock to reach the higher price of $73.00, while the lowest price estimate is $35.00. However, 18 analysts have rated WERN stock as an Overweight in their predictions for 2022.

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