The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. C.H. Robinson Worldwide Inc. shares valued at $174,353 were sold by Kass Jordan T on Aug 01. At $110.14 per share, Kass Jordan T sold 1,583 shares. The insider’s holdings dropped to 45,602 shares worth approximately $4.9 million following the completion of this transaction.
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Also, Zechmeister Michael Paul sold 2,819 shares, netting a total of over 322,071 in proceeds. Following the sale of shares at $114.25 each, the insider now holds 48,207 shares.
Before that, Biesterfeld Robert C Jr had sold 21,694 shares from its account. In a trade valued at $2,418,085, the President and CEO traded C.H. Robinson Worldwide Inc. shares for $111.46 each. Upon closing the transaction, the insider’s holdings decreased to 21,694 shares, worth approximately $19.53 million.
As published in a research note from Wolfe Research on July 12, 2022, C.H. Robinson Worldwide Inc. [CHRW] has been rated down from an Outperform to a Peer perform. Analysts at Credit Suisse started covering the stock with ‘”an Underperform”‘ outlook in a report released in late June. As of April 08, 2022, JP Morgan has increased its “Neutral” rating to a “an Overweight” for CHRW. Earlier on March 02, 2022, Vertical Research downgraded its rating. Their new recommendation was “a Hold” for CHRW stock which previously was a “a Buy”.
Analyzing CHRW’s Price Performance
On Thursday, C.H. Robinson Worldwide Inc. [NASDAQ: CHRW] plunged -1.57% to $107.52. The stock’s lowest price that day was $106.95, but it reached a high of $109.77 in the same session. During the last five days, there has been a drop of approximately -0.51%. Over the course of the year, C.H. Robinson Worldwide Inc. shares have dropped approximately -0.10%. Shares of the company reached a 52-week high of $115.99 on 06/14/22 and a 52-week low of $86.57 on 02/04/22. A 50-day SMA is recorded $103.10, while a 200-day SMA reached $101.73. Nevertheless, trading volume fell to 1.1 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for C.H. Robinson Worldwide Inc. (CHRW)
According to the 24-hour chart, there is a support level at 106.39, which, if violated, would cause prices to drop to 105.26. In the upper region, resistance lies at 109.21. The next price resistance is at 110.90. RSI (Relative Strength Index) is 59.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.25, which suggests the price will increase in the coming days. Percent R is at 25.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is C.H. Robinson Worldwide Inc. subject to short interest?
Stocks of C.H. Robinson Worldwide Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.55 million shares to 9.88 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 10.43 million shares. A decline of -5.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.49 of the overall float, the days-to-cover ratio (short ratio) decline to 8.49.
Which companies own the most shares of C.H. Robinson Worldwide Inc. (CHRW)?
According to The Vanguard Group, Inc. filings, the company currently owns 15,082,240 shares, which is about 11.85% of the total CHRW shares outstanding. The investor’s shares have appreciated by 12,618 from its previous 13-F filing of 15069622.0 shares. With the completion of the buy transaction, First Eagle Investment Management’s stake is now worth $1,082,716,954. BlackRock Fund Advisors reduced a -7.77% interest valued at $1.02 billion while SSgA Funds Management, Inc. sold a -312,128 stake. A total of 3,750 shares of C.H. Robinson Worldwide Inc. were sold by Managed Account Advisors LLC during the quarter, and 130,647 were bought by Geode Capital Management LLC. In its current portfolio, Ancora Alternatives LLC holds 2,313,470 shares valued at $234.52 million.
In terms of C.H. Robinson Worldwide Inc. share price expectations, FactSet research, analysts set an average price target of $111.17 in the next 12 months, up nearly 1.62% from the previous closing price of $109.23. Analysts anticipate C.H. Robinson Worldwide Inc. stock to reach $135.00 by 2022, with the lowest price target being $66.00. In spite of this, 27 analysts ranked C.H. Robinson Worldwide Inc. stock as a Hold at the end of 2022. On February 03, 2022, Stifel assigned a price target of “a Buy” to the stock and upgraded coverage with a $106.