Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Expeditors International of Washington Inc. shares valued at $3,343,602 were sold by Musser Jeffrey S on Jun 01. At $111.30 per share, Musser Jeffrey S sold 30,041 shares. The insider’s holdings dropped to 116,587 shares worth approximately $13.29 million following the completion of this transaction.
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Also, Dickerman Jeffrey F sold 1,608 shares, netting a total of over 189,567 in proceeds. Following the sale of shares at $117.89 each, the insider now holds 5,484 shares.
Before that, POWELL BRADLEY S had sold 12,138 shares from its account. In a trade valued at $1,432,454, the Senior VP – CFO traded Expeditors International of Washington Inc. shares for $118.01 each. Upon closing the transaction, the insider’s holdings decreased to 12,138 shares, worth approximately $0.0.
As published in their initiating research note from JP Morgan on August 11, 2023, Expeditors International of Washington Inc. [EXPD] has been an Underweight and the price target has been revised to $110. This represents a -3.62% premium over Thursday’s closing price.
Analyzing EXPD Stock Performance
On Thursday, Expeditors International of Washington Inc. [NASDAQ: EXPD] plunged -0.63% to $113.98. The stock’s lowest price that day was $113.695, but it reached a high of $114.63 in the same session. During the last five days, there has been a surge of approximately 0.04%. Over the course of the year, Expeditors International of Washington Inc. shares have jumped approximately 9.68%. Shares of the company reached a 52-week high of $128.04 on 07/31/23 and a 52-week low of $102.89 on 03/24/23. A 50-day SMA is recorded $120.10, while a 200-day SMA reached $112.75. Nevertheless, trading volume fell to 0.92 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Expeditors International of Washington Inc. (EXPD)
According to the 24-hour chart, there is a support level at 113.57, which, if violated, would cause prices to drop to 113.17. In the upper region, resistance lies at 114.51. The next price resistance is at 115.04. RSI (Relative Strength Index) is 32.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.05, which suggests the price will decrease in the coming days. Percent R is at 92.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Expeditors International of Washington Inc. subject to short interest?
Stocks of Expeditors International of Washington Inc. saw a sharp steep in short interest on Aug 14, 2023 dropping by -1.57 million shares to 7.15 million. Data from Yahoo Finance shows that the short interest on Jul 13, 2023 was 8.72 million shares. A decline of -21.96% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.94 of the overall float, the days-to-cover ratio (short ratio) decline to 7.94.
Which companies own the most shares of Expeditors International of Washington Inc. (EXPD)?
In terms of Expeditors International of Washington Inc. share price expectations, FactSet research, analysts set an average price target of $106.75 in the next 12 months, down nearly -6.71% from the previous closing price of $114.70. Analysts anticipate Expeditors International of Washington Inc. stock to reach $120.00 by 2023, with the lowest price target being $86.00. In spite of this, 20 analysts ranked Expeditors International of Washington Inc. stock as an Underweight at the end of 2023.