Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Knight-Swift Transportation Holdings Inc shares valued at $112,490 were sold by Flanagan Cary M on Feb 29 ’24. At $56.24 per share, Flanagan Cary M sold 2,000 shares. The insider’s holdings dropped to 5,118 shares worth approximately $0.25 million following the completion of this transaction.
Also, Harrington Timothy Sean sold 1,200 shares, netting a total of over 62,400 in proceeds. Following the sale of shares at $52.00 each, the insider now holds 5,278 shares.
Before that, Fitzsimmons James L had sold 2,664 shares from its account. In a trade valued at $143,144, the EVP – Operations traded Knight-Swift Transportation Holdings Inc shares for $53.73 each. Upon closing the transaction, the insider’s holdings decreased to 2,664 shares, worth approximately $0.22 million.
As published in a research note from Stifel on April 26, 2024, Knight-Swift Transportation Holdings Inc [KNX] has been rated down from a Buy to a Hold and the price target has been revised to $47 from $53. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid April. As of April 18, 2024, Loop Capital has decreased its “Buy” rating to a “Hold” for KNX. Earlier on November 29, 2023, TD Cowen resumed its rating. Their recommendation was “an Outperform” for KNX stock.
Analyzing KNX Stock Performance
During the last five days, there has been a surge of approximately 3.03%. Over the course of the year, Knight-Swift Transportation Holdings Inc shares have dropped approximately -16.18%. Shares of the company reached a 52-week high of $60.99 on 02/07/24 and a 52-week low of $45.55 on 05/01/24. A 50-day SMA is recorded $51.92, while a 200-day SMA reached $53.98. Nevertheless, trading volume fell to 2.1 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for Knight-Swift Transportation Holdings Inc (KNX)
According to the 24-hour chart, there is a support level at 47.62, which, if violated, would cause prices to drop to 46.92. In the upper region, resistance lies at 48.85. The next price resistance is at 49.39. RSI (Relative Strength Index) is 42.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 29.52%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
