Saia Inc.’s recently made public that its Executive VP, CFO & Secretary COL DOUGLAS L unloaded Company’s shares for reported $1.01 million on Feb 13 ’24. In the deal valued at $557.75 per share,1,812 shares were sold. As a result of this transaction, COL DOUGLAS L now holds 5,623 shares worth roughly $3.33 million.
Then, RAMU RAYMOND R sold 1,943 shares, generating $1,099,412 in total proceeds. Upon selling the shares at $565.83, the Exec. VP & Chief Customer Off. now owns 4,447 shares.
Before that, SUGAR PATRICK D sold 1,431 shares. Saia Inc. shares valued at $786,505 were divested by the EVP Operations at a price of $549.62 per share. As a result of the transaction, SUGAR PATRICK D now holds 7,442 shares, worth roughly $4.4 million.
JP Morgan initiated its Saia Inc. [SAIA] rating to an Overweight in a research note published on March 11, 2024; the price target was $676. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. BMO Capital Markets began covering SAIA with “Market perform” recommendation on November 22, 2023. Stifel revised its rating on November 01, 2023. It rated SAIA as “a Buy” which previously was an “a Hold”.
Price Performance Review of SAIA
On Tuesday, Saia Inc. [NASDAQ:SAIA] saw its stock fall -1.05% to $591.72. Over the last five days, the stock has gained 2.58%. Saia Inc. shares have risen nearly 35.03% since the year began. Nevertheless, the stocks have risen 132.88% over the past one year. While a 52-week high of $628.34 was reached on 03/06/24, a 52-week low of $244.69 was recorded on 01/04/24. SMA at 50 days reached $562.48, while 200 days put it at $444.56. A total of 0.26 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For SAIA Stock
The 24-hour chart illustrates a support level at 577.69, which if violated will result in even more drops to 563.66. On the upside, there is a resistance level at 601.35. A further resistance level may holdings at 610.98. The Relative Strength Index (RSI) on the 14-day chart is 57.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.78%. Stochastics %K at 82.08% indicates the stock is a selling.
How much short interest is there in Saia Inc.?
A steep rise in short interest was recorded in Saia Inc. stocks on Mar 15, 2024, growing by 0.12 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.34 million shares. There was a rise of 8.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.98% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.02.
