The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $18.37 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 $9.94 million.
As published in a research note from Wolfe Research on April 11, 2024, C.H. Robinson Worldwide, Inc. [CHRW] has been rated up from an Underperform to a Peer perform. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early April. As of March 27, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for CHRW. Earlier on January 10, 2024, Susquehanna upgraded its rating. Their new recommendation was “a Neutral” for CHRW stock which previously was a “a Negative”.
Analyzing CHRW Stock Performance
During the last five days, there has been a drop of approximately -4.44%. Over the course of the year, C.H. Robinson Worldwide, Inc. shares have dropped approximately -20.35%. Shares of the company reached a 52-week high of $89.71 on 01/05/24 and a 52-week low of $65.00 on 04/17/24. A 50-day SMA is recorded $73.08, while a 200-day SMA reached $84.28. Nevertheless, trading volume fell to 2.07 million shares from 1.64 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 66.25, which, if violated, would cause prices to drop to 63.69. In the upper region, resistance lies at 70.12. The next price resistance is at 71.43. RSI (Relative Strength Index) is 36.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.98, which suggests the price will decrease in the coming days. Percent R is at 66.22%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
