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Wells Fargo’s latest rating for SAIA stock

Saia Inc.’s filing revealed that its Director GAINOR JOHN P JR acquired Company’s shares for reported $0.2 million on May 02 ’24. In the deal valued at $407.00 per share,500 shares were bought. As a result of this transaction, GAINOR JOHN P JR now holds 900 shares worth roughly $0.43 million.

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Then, COL DOUGLAS L sold 1,812 shares, generating $1,010,638 in total proceeds. Upon selling the shares at $557.75, the Executive VP, CFO & Secretary now owns 5,623 shares.

Before that, RAMU RAYMOND R sold 1,943 shares. Saia Inc. shares valued at $1,099,412 were divested by the Exec. VP & Chief Customer Off. at a price of $565.83 per share. As a result of the transaction, RAMU RAYMOND R now holds 4,447 shares, worth roughly $2.11 million.

Wells Fargo initiated its Saia Inc. [SAIA] rating to an Equal weight in a research note published on June 07, 2024; the price target was $445. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early June has reiterated a ‘”a Hold”‘ rating for it. Stifel also remained covering SAIA and has increased its forecast on May 24, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen maintained its rating on April 29, 2024. It rated SAIA as “a Hold”.

Price Performance Review of SAIA

On Friday, Saia Inc. [NASDAQ:SAIA] saw its stock jump 3.40% to $474.29. Over the last five days, the stock has gained 2.97%. Saia Inc. shares have risen nearly 8.23% since the year began. Nevertheless, the stocks have risen 37.73% over the past one year. While a 52-week high of $628.34 was reached on 03/06/24, a 52-week low of $331.23 was recorded on 05/22/24. SMA at 50 days reached $436.55, while 200 days put it at $459.54. A total of 1.0 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For SAIA Stock

The 24-hour chart illustrates a support level at 465.78, which if violated will result in even more drops to 457.27. On the upside, there is a resistance level at 480.15. A further resistance level may holdings at 486.02. The Relative Strength Index (RSI) on the 14-day chart is 63.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.93%. Stochastics%K at 72.50% indicates the stock is a holding.

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