Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. C.H. Robinson Worldwide, Inc. shares valued at $6 were sold by WINSHIP HENRY WARD IV on Nov 21 ’23. At $82.26 per share, WINSHIP HENRY WARD IV sold 0 shares. The insider’s holdings dropped to 266,936 shares worth approximately $19.22 million following the completion of this transaction.
Also, WINSHIP HENRY WARD IV sold 7 shares, netting a total of over 576 in proceeds. Following the sale of shares at $82.25 each, the insider now holds 266,936 shares.
Before that, Bozeman David P had added 1,807 shares to its account. In a trade valued at $149,818, the President & CEO bought C.H. Robinson Worldwide, Inc. shares for $82.91 each. Upon closing the transaction, the insider’s holdings increased to 1,807 shares, worth approximately $10.4 million.
As published in a research note from Barclays on April 01, 2024, C.H. Robinson Worldwide, Inc. [CHRW] has been rated down from an Equal weight to an Underweight and the price target has been revised to $65 from $80. Analysts at Exane BNP Paribas downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of January 10, 2024, Susquehanna has increased its “Negative” rating to a “Neutral” for CHRW. Earlier on August 31, 2023, Susquehanna downgraded its rating. Their new recommendation was “a Negative” for CHRW stock which previously was a “a Neutral”.
Analyzing CHRW Stock Performance
During the last five days, there has been a surge of approximately 0.33%. Over the course of the year, C.H. Robinson Worldwide, Inc. shares have dropped approximately -16.65%. Shares of the company reached a 52-week high of $89.71 on 01/05/24 and a 52-week low of $69.11 on 03/05/24. A 50-day SMA is recorded $73.95, while a 200-day SMA reached $84.88. Nevertheless, trading volume fell to 1.06 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for C.H. Robinson Worldwide, Inc. (CHRW)
According to the 24-hour chart, there is a support level at 71.12, which, if violated, would cause prices to drop to 70.23. In the upper region, resistance lies at 72.79. The next price resistance is at 73.57. RSI (Relative Strength Index) is 43.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 77.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is C.H. Robinson Worldwide, Inc. subject to short interest?
Stocks of C.H. Robinson Worldwide, Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 3.1 million shares to 10.75 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 7.65 million shares. A jump of 28.84% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.22 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.22.
