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Saia Inc. [SAIA] Shares Jump Approximately 37.63% Over the Year

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Saia Inc. shares valued at $203,500 were purchased by GAINOR JOHN P JR on May 02 ’24. At $407.00 per share, GAINOR JOHN P JR acquired 500 shares. The insider’s holdings grew to 900 shares worth approximately $0.42 million following the completion of this transaction.

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Also, COL DOUGLAS L sold 1,812 shares, netting a total of over 1,010,638 in proceeds. Following the sale of shares at $557.75 each, the insider now holds 5,623 shares.

Before that, RAMU RAYMOND R had sold 1,943 shares from its account. In a trade valued at $1,099,412, the Exec. VP & Chief Customer Off. traded Saia Inc. shares for $565.83 each. Upon closing the transaction, the insider’s holdings decreased to 1,943 shares, worth approximately $2.08 million.

As published in their initiating research note from Wells Fargo on June 07, 2024, Saia Inc. [SAIA] has been an Equal weight and the price target has been revised to $445. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early June. As of May 24, 2024, Stifel has increased its “Hold” rating to a “Buy” for SAIA. Earlier on April 29, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for SAIA stock.

Analyzing SAIA Stock Performance

During the last five days, there has been a surge of approximately 0.81%. Over the course of the year, Saia Inc. shares have jumped approximately 6.89%. Shares of the company reached a 52-week high of $628.34 on 03/06/24 and a 52-week low of $370.65 on 05/22/24. A 50-day SMA is recorded $433.46, while a 200-day SMA reached $460.39. Nevertheless, trading volume fell to 0.17 million shares from 0.28 million shares the previous day.

Support And Resistance Levels for Saia Inc. (SAIA)

According to the 24-hour chart, there is a support level at 463.25, which, if violated, would cause prices to drop to 456.27. In the upper region, resistance lies at 478.66. The next price resistance is at 487.09. RSI (Relative Strength Index) is 59.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.17, which suggests the price will increase in the coming days. Percent R is at 19.52%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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