Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Saia Inc. shares valued at $1,010,638 were sold by COL DOUGLAS L on Feb 13 ’24. At $557.75 per share, COL DOUGLAS L sold 1,812 shares. The insider’s holdings dropped to 5,623 shares worth approximately $2.23 million following the completion of this transaction.
Also, RAMU RAYMOND R sold 1,943 shares, netting a total of over 1,099,412 in proceeds. Following the sale of shares at $565.83 each, the insider now holds 4,447 shares.
Before that, SUGAR PATRICK D had sold 1,431 shares from its account. In a trade valued at $786,505, the EVP Operations traded Saia Inc. shares for $549.62 each. Upon closing the transaction, the insider’s holdings decreased to 1,431 shares, worth approximately $2.95 million.
As published in a research note from TD Cowen on April 29, 2024, Saia Inc. [SAIA] has been retained to a Hold and the price target has been revised to $473. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid April. As of March 11, 2024, JP Morgan has initiated its “an Overweight” rating for SAIA. Earlier on February 06, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for SAIA stock which previously was a “a Buy”.
Analyzing SAIA Stock Performance
During the last five days, there has been a drop of approximately -24.98%. Over the course of the year, Saia Inc. shares have dropped approximately -9.63%. Shares of the company reached a 52-week high of $628.34 on 03/06/24 and a 52-week low of $393.35 on 05/01/24. A 50-day SMA is recorded $559.61, while a 200-day SMA reached $458.08. Nevertheless, trading volume fell to 0.53 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Saia Inc. (SAIA)
According to the 24-hour chart, there is a support level at 390.50, which, if violated, would cause prices to drop to 384.99. In the upper region, resistance lies at 404.36. The next price resistance is at 412.71. RSI (Relative Strength Index) is 21.51 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -102.01, which suggests the price will decrease in the coming days. Percent R is at 98.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
