Saia Inc.’s filing revealed 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 $2.25 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 $2.98 million.
TD Cowen reiterated its Saia Inc. [SAIA] rating to a Hold in a research note published on April 29, 2024; the price target was $473. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Peer perform”. JP Morgan began covering SAIA with “an Overweight” recommendation on March 11, 2024. Stifel revised its rating on February 06, 2024. It rated SAIA as “a Hold” which previously was an “a Buy”.
Price Performance Review of SAIA
On Friday, Saia Inc. [NASDAQ:SAIA] saw its stock fall -1.45% to $400.08. Over the last five days, the stock has lost -6.70%. Saia Inc. shares have fallen nearly -8.70% since the year began. Nevertheless, the stocks have risen 35.25% over the past one year. While a 52-week high of $628.34 was reached on 03/06/24, a 52-week low of $266.91 was recorded on 05/02/24. SMA at 50 days reached $553.60, while 200 days put it at $458.21. A total of 0.62 million shares were traded, compared to the trading of 0.64 million shares in the previous session.
Levels Of Support And Resistance For SAIA Stock
The 24-hour chart illustrates a support level at 390.35, which if violated will result in even more drops to 380.61. On the upside, there is a resistance level at 418.91. A further resistance level may holdings at 437.73. The Relative Strength Index (RSI) on the 14-day chart is 24.27, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -79.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.60%. Stochastics %K at 5.52% indicates the stock is a buying.
The most recent change occurred on November 22, 2023 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $450 price target.
