CHRW (C.H. Robinson Worldwide Inc.) may reap gains as insiders became active recently


In a filing, C.H. Robinson Worldwide Inc. revealed its President, Global Forwarding Short Michael John unloaded Company’s shares for reported $1.69 million on May 04. In the deal valued at $104.56 per share,16,155 shares were sold. As a result of this transaction, Short Michael John now holds 75,937 shares worth roughly $ 7.07 million.

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Then, Freeman Angela K. sold 2,000 shares, generating $208,857 in total proceeds. Upon selling the shares at $104.43, the CHRO and ESG Officer now owns 92,373 shares.

Before that, Pinkerton Mac S sold 7,624 shares. C.H. Robinson Worldwide Inc. shares valued at $774,350 were divested by the Pres. of North America Trans. at a price of $101.57 per share. As a result of the transaction, Pinkerton Mac S now holds 87,001 shares, worth roughly $8.09 million.

JP Morgan downgraded its C.H. Robinson Worldwide Inc. [CHRW] rating to an Underweight from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of -6.94 to its Monday closing price.

Price Performance Review of CHRW

On Monday, C.H. Robinson Worldwide Inc. [NASDAQ:CHRW] saw its stock fall -0.77% to $93.04. On the same session, the stock had its day’s lowest price of $92.62, but rose to a high of $94.30. Over the last five days, the stock has lost -0.51%. C.H. Robinson Worldwide Inc. shares have risen nearly 1.62% since the year began. Nevertheless, the stocks have fallen -22.17% over the past one year. While a 52-week high of $119.49 was reached on 02/02/23, a 52-week low of $86.60 was recorded on 01/04/23. SMA at 50 days reached $95.79, while 200 days put it at $96.94. A total of 0.65 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For CHRW Stock

The 24-hour chart illustrates a support level at 92.34, which if violated will result in even more drops to 91.64. On the upside, there is a resistance level at 94.02. A further resistance level may holdings at 95.00. The Relative Strength Index (RSI) on the 14-day chart is 39.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.72%. Stochastics %K at 13.13% indicates the stock is a buying.

How much short interest is there in C.H. Robinson Worldwide Inc.?

A steep rise in short interest was recorded in C.H. Robinson Worldwide Inc. stocks on Aug 14, 2023, dropping by -0.35 million shares to a total of 12.71 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 13.06 million shares. There was a decline of -2.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 14.84% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.62.

C.H. Robinson Worldwide Inc. [CHRW] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,888,863 shares, or roughly 11.93% of the outstanding CHRW shares. In other words, the investor’s shares have fallen by -474,498 from its previous 13-F filing of 14363361.0. Additionally, First Eagle Investment Management decreased -2.51% of its stake after which the total value it holdings stand at $961,591,855, while BlackRock Fund Advisors reduced -0.09% of its stake to hold $941.75 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -524,036 shares of C.H. Robinson Worldwide Inc., while Geode Capital Management LLC sold 53,259 shares. At present, Ancora Alternatives LLC is holding 2,136,981 shares valued at $214.08 million. Clarkston Capital Partners LLC owned 2,109,647 shares of the company at the time of its most recent 13F filing, worth $211.34 million.

According to FactSet, C.H. Robinson Worldwide Inc.’s share price will average $94.02 in the next year, based on opinions of analysts polled by the firm. This is down nearly -1.88 percent from its previous closing price of $93.76. Analysts expect C.H. Robinson Worldwide Inc. stock to reach the higher price of $120.00, while the lowest price estimate is $62.00. However, 29 analysts have rated CHRW stock as a Hold in their predictions for 2023.


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