Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. J.B. Hunt Transport Services, Inc. shares valued at $998,550 were purchased by ROBERTS JOHN N on Apr 26 ’24. At $161.06 per share, ROBERTS JOHN N acquired 6,200 shares. The insider’s holdings grew to 313,955 shares worth approximately $49.6 million following the completion of this transaction.
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Also, Ottensmeyer Patrick J purchased 5,000 shares, netting a total of over 1,014,950 in proceeds. Following the buying of shares at $202.99 each, the insider now holds 5,000 shares.
Before that, Webb Brian had sold 900 shares from its account. In a trade valued at $187,689, the EVP- Final Mile Services traded J.B. Hunt Transport Services, Inc. shares for $208.54 each. Upon closing the transaction, the insider’s holdings decreased to 900 shares, worth approximately $2.37 million.
As published in a research note from TD Cowen on April 17, 2024, J.B. Hunt Transport Services, Inc. [JBHT] has been retained to a Hold and the price target has been revised to $181. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early April. As of January 22, 2024, UBS has increased its “Neutral” rating to a “Buy” for JBHT. Earlier on January 19, 2024, TD Cowen resumed its rating. Their recommendation was “a Market perform” for JBHT stock.
Analyzing JBHT Stock Performance
During the last five days, there has been a drop of approximately -5.73%. Over the course of the year, J.B. Hunt Transport Services, Inc. shares have dropped approximately -20.91%. Shares of the company reached a 52-week high of $219.51 on 02/15/24 and a 52-week low of $156.70 on 05/21/24. A 50-day SMA is recorded $178.99, while a 200-day SMA reached $189.21. Nevertheless, trading volume fell to 0.87 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for J.B. Hunt Transport Services, Inc. (JBHT)
According to the 24-hour chart, there is a support level at 157.07, which, if violated, would cause prices to drop to 156.15. In the upper region, resistance lies at 159.29. The next price resistance is at 160.59. RSI (Relative Strength Index) is 26.90 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.91, which suggests the price will decrease in the coming days. Percent R is at 91.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
