C.H. Robinson Worldwide, Inc.’s recent filing unveils that its Director WINSHIP HENRY WARD IV unloaded Company’s shares for reported $6.0 on Nov 21 ’23. In the deal valued at $82.26 per share,0 shares were sold. As a result of this transaction, WINSHIP HENRY WARD IV now holds 266,936 shares worth roughly $19.0 million.
Then, WINSHIP HENRY WARD IV sold 7 shares, generating $576 in total proceeds. Upon selling the shares at $82.25, the Director now owns 266,936 shares.
Before that, Bozeman David P bought 1,807 shares. C.H. Robinson Worldwide, Inc. shares valued at $149,818 were divested by the President & CEO at a price of $82.91 per share. As a result of the transaction, Bozeman David P now holds 144,391 shares, worth roughly $10.28 million.
Barclays downgraded its C.H. Robinson Worldwide, Inc. [CHRW] rating to an Underweight from a an Equal weight in a research note published on April 01, 2024; the price target was decreased to $65 from $80. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Neutral”. Susquehanna also remained covering CHRW and has increased its forecast on January 10, 2024 with a “Neutral” recommendation from previously “Negative” rating. Susquehanna revised its rating on August 31, 2023. It rated CHRW as “a Negative” which previously was an “a Neutral”.
Price Performance Review of CHRW
On Friday, C.H. Robinson Worldwide, Inc. [NASDAQ:CHRW] saw its stock fall -0.70% to $71.18. Over the last five days, the stock has lost -6.51%. C.H. Robinson Worldwide, Inc. shares have fallen nearly -17.61% since the year began. Nevertheless, the stocks have fallen -24.81% over the past one year. While a 52-week high of $106.14 was reached on 01/05/24, a 52-week low of $69.11 was recorded on 03/05/24. SMA at 50 days reached $74.81, while 200 days put it at $85.18. A total of 1.03 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For CHRW Stock
The 24-hour chart illustrates a support level at 70.84, which if violated will result in even more drops to 70.51. On the upside, there is a resistance level at 71.74. A further resistance level may holdings at 72.31. The Relative Strength Index (RSI) on the 14-day chart is 39.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.89%. Stochastics %K at 2.95% 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 Mar 15, 2024, growing by 0.41 million shares to a total of 8.42 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.01 million shares. There was a rise of 4.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.23.
