Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Expeditors International Of Washington, Inc. shares valued at $245,260 were sold by Dickerman Jeffrey F on Mar 07 ’24. At $122.63 per share, Dickerman Jeffrey F sold 2,000 shares. The insider’s holdings dropped to 5,728 shares worth approximately $0.67 million following the completion of this transaction.
Also, Musser Jeffrey S sold 30,041 shares, netting a total of over 3,343,602 in proceeds. Following the sale of shares at $111.30 each, the insider now holds 116,587 shares.
As published in a research note from TD Cowen on May 08, 2024, Expeditors International Of Washington, Inc. [EXPD] has been retained to a Hold and the price target has been revised to $112. Analysts at BofA Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid March. As of January 11, 2024, Exane BNP Paribas has decreased its “Neutral” rating to a “an Underperform” for EXPD. Earlier on August 11, 2023, JP Morgan initiated its rating. Their recommendation was “an Underweight” for EXPD stock.
Analyzing EXPD Stock Performance
During the last five days, there has been a surge of approximately 4.32%. Over the course of the year, Expeditors International Of Washington, Inc. shares have dropped approximately -8.15%. Shares of the company reached a 52-week high of $131.17 on 01/25/24 and a 52-week low of $111.20 on 05/01/24. A 50-day SMA is recorded $117.66, while a 200-day SMA reached $119.32. Nevertheless, trading volume fell to 1.43 million shares from 2.22 million shares the previous day.
Support And Resistance Levels for Expeditors International Of Washington, Inc. (EXPD)
According to the 24-hour chart, there is a support level at 115.06, which, if violated, would cause prices to drop to 113.28. In the upper region, resistance lies at 118.29. The next price resistance is at 119.74. RSI (Relative Strength Index) is 54.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.90, which suggests the price will increase in the coming days. Percent R is at 16.84%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
