Knight-Swift Transportation Holdings Inc. [KNX] stock was sold by Updike James E. Jr. at the price of US$0.13 million

In a filing, Knight-Swift Transportation Holdings Inc. revealed its EVP Sales & Mkt, Knight Trans. Updike James E. Jr. unloaded Company’s shares for reported $0.13 million on Jul 29. In the deal valued at $55.18 per share,2,400 shares were sold. As a result of this transaction, Updike James E. Jr. now holds 19,944 shares worth roughly $ 1.05 million.

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Then, GARNREITER MICHAEL sold 2,000 shares, generating $108,741 in total proceeds. Upon selling the shares at $54.37, the Director now owns 12,005 shares.

Before that, Ohlman Dustin sold 2,022 shares. Knight-Swift Transportation Holdings Inc. shares valued at $115,578 were divested by the VP Intermodal at a price of $57.16 per share. As a result of the transaction, Ohlman Dustin now holds 0 shares, worth roughly $0.0.

Wolfe Research upgraded its Knight-Swift Transportation Holdings Inc. [KNX] rating to a Peer perform from a an Underperform in a research note published on Tuesday. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid July from “an In-line” to “an Outperform”. Credit Suisse began covering KNX with “an Outperform” recommendation on June 28, 2022. Susquehanna revised its rating on March 04, 2022. It rated KNX as “a Positive” which previously was an “a Neutral”.

Price Performance Review of KNX

On Tuesday, Knight-Swift Transportation Holdings Inc. [NYSE:KNX] saw its stock fall -1.53% to $52.88. On the same session, the stock had its day’s lowest price of $52.75, but rose to a high of $53.65. Over the last five days, the stock has gained 4.61%. Knight-Swift Transportation Holdings Inc. shares have fallen nearly -13.23% since the year began. Nevertheless, the stocks have risen 7.37% over the past one year. While a 52-week high of $62.29 was reached on 01/03/22, a 52-week low of $42.50 was recorded on 05/18/22. SMA at 50 days reached $48.28, while 200 days put it at $52.92. A total of 1.3 million shares were traded, compared to the trading of 2.13 million shares in the previous session.

Levels Of Support And Resistance For KNX Stock

The 24-hour chart illustrates a support level at 52.54, which if violated will result in even more drops to 52.19. On the upside, there is a resistance level at 53.44. A further resistance level may holdings at 53.99. The Relative Strength Index (RSI) on the 14-day chart is 62.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.72%. Stochastics %K at 83.31% indicates the stock is a selling.

How much short interest is there in Knight-Swift Transportation Holdings Inc.?

A steep rise in short interest was recorded in Knight-Swift Transportation Holdings Inc. stocks on Jul 14, 2022, dropping by -0.72 million shares to a total of 9.16 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.88 million shares. There was a decline of -7.86%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.78% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.57.

Knight-Swift Transportation Holdings Inc. [KNX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,676,905 shares, or roughly 8.34% of the outstanding KNX shares. In other words, the investor’s shares have risen by 95,147 from its previous 13-F filing of 13581758.0. Additionally, BlackRock Fund Advisors increased 0.35% of its stake after which the total value it holdings stand at $625,327,074, while Wellington Management Co. LLP added 13.41% of its stake to hold $380.47 million in the firm. Over the last quarter, AllianceBernstein LP sold -1,350,594 shares of Knight-Swift Transportation Holdings Inc., while Fidelity Management & Research Co sold -235,854 shares. At present, SSgA Funds Management, Inc. is holding 6,314,648 shares valued at $292.31 million. Morgan Stanley Smith Barney LLC owned 4,707,582 shares of the company at the time of its most recent 13F filing, worth $217.91 million.

According to FactSet, Knight-Swift Transportation Holdings Inc.’s share price will average $61.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.59 percent from its previous closing price of $53.70. Analysts expect Knight-Swift Transportation Holdings Inc. stock to reach the higher price of $85.00, while the lowest price estimate is $46.00. However, 22 analysts have rated KNX stock as an Overweight in their predictions for 2022.


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