Saia Inc.’s recent filing unveils 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 $3.13 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 $4.14 million.
Wolfe Research downgraded its Saia Inc. [SAIA] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. Stifel also remained covering SAIA and has decreased its forecast on February 06, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets started covering the stock on November 22, 2023. It rated SAIA as “a Market perform”.
Price Performance Review of SAIA
On Tuesday, Saia Inc. [NASDAQ:SAIA] saw its stock fall -3.59% to $556.27. Over the last five days, the stock has lost -5.99%. Saia Inc. shares have risen nearly 26.94% since the year began. Nevertheless, the stocks have risen 112.76% 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 $572.79, while 200 days put it at $450.61. A total of 0.3 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For SAIA Stock
The 24-hour chart illustrates a support level at 548.15, which if violated will result in even more drops to 540.04. On the upside, there is a resistance level at 570.67. A further resistance level may holdings at 585.08. The Relative Strength Index (RSI) on the 14-day chart is 40.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.44%. Stochastics %K at 18.25% indicates the stock is a buying.
