Insider Selling: Updike James E. Jr., Knight-Swift Transportation Holdings Inc. [KNX] EVP Sales & Mkt, Knight Trans. divested 2,400 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Knight-Swift Transportation Holdings Inc. shares valued at $132,432 were sold by Updike James E. Jr. on Jul 29. At $55.18 per share, Updike James E. Jr. sold 2,400 shares. The insider’s holdings dropped to 19,944 shares worth approximately $0.96 million following the completion of this transaction.

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Also, GARNREITER MICHAEL sold 2,000 shares, netting a total of over 108,741 in proceeds. Following the sale of shares at $54.37 each, the insider now holds 12,005 shares.

Before that, Ohlman Dustin had sold 2,022 shares from its account. In a trade valued at $115,578, the VP Intermodal traded Knight-Swift Transportation Holdings Inc. shares for $57.16 each. Upon closing the transaction, the insider’s holdings decreased to 2,022 shares, worth approximately $0.0.

As published in a research note from Wolfe Research on July 12, 2022, Knight-Swift Transportation Holdings Inc. [KNX] has been rated up from an Underperform to a Peer perform. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of June 28, 2022, Credit Suisse has initiated its “an Outperform” rating for KNX. Earlier on March 04, 2022, Susquehanna upgraded its rating. Their new recommendation was “a Positive” for KNX stock which previously was a “a Neutral”.

Analyzing KNX’s Price Performance

On Wednesday, Knight-Swift Transportation Holdings Inc. [NYSE: KNX] rose 0.35% to $48.35. The stock’s lowest price that day was $48.35, but it reached a high of $49.53 in the same session. During the last five days, there has been a drop of approximately -3.15%. Over the course of the year, Knight-Swift Transportation Holdings Inc. shares have dropped approximately -20.66%. Shares of the company reached a 52-week high of $62.12 on 01/03/22 and a 52-week low of $42.50 on 05/18/22. A 50-day SMA is recorded $52.02, while a 200-day SMA reached $52.13. Nevertheless, trading volume fell to 1.22 million shares from 1.07 million shares the previous day.

Support And Resistance Levels for Knight-Swift Transportation Holdings Inc. (KNX)

According to the 24-hour chart, there is a support level at 47.96, which, if violated, would cause prices to drop to 47.56. In the upper region, resistance lies at 49.14. The next price resistance is at 49.92. RSI (Relative Strength Index) is 38.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 64.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Knight-Swift Transportation Holdings Inc. subject to short interest?

Stocks of Knight-Swift Transportation Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.72 million shares to 9.16 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.88 million shares. A decline of -7.86% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.57 of the overall float, the days-to-cover ratio (short ratio) decline to 5.57.

Which companies own the most shares of Knight-Swift Transportation Holdings Inc. (KNX)?

According to The Vanguard Group, Inc. filings, the company currently owns 14,294,527 shares, which is about 8.90% of the total KNX shares outstanding. The investor’s shares have appreciated by 617,622 from its previous 13-F filing of 13676905.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $669,954,538. Wellington Management Co. LLP acquire a 18.11% interest valued at $490.32 million while AllianceBernstein LP purchased a 242,851 stake. A total of -158,991 shares of Knight-Swift Transportation Holdings Inc. were bought by Fidelity Management & Research Co during the quarter, and -406,105 were sold by SSgA Funds Management, Inc. In its current portfolio, Morgan Stanley Smith Barney LLC holds 3,934,514 shares valued at $198.73 million.

In terms of Knight-Swift Transportation Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $61.57 in the next 12 months, up nearly 30.76% from the previous closing price of $48.18. Analysts anticipate Knight-Swift Transportation Holdings Inc. stock to reach $85.00 by 2022, with the lowest price target being $46.00. In spite of this, 23 analysts ranked Knight-Swift Transportation Holdings Inc. stock as an Overweight at the end of 2022. On January 06, 2022, Wolfe Research assigned a price target of “an Underperform” to the stock and downgraded coverage with a $58.


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