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Investing in Saia Inc. (SAIA) Is Getting More Attractive

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Saia Inc.’s filing revealed that its Director GAINOR JOHN P JR acquired Company’s shares for reported $0.15 million on Aug 01 ’24. In the deal valued at $392.56 per share,382 shares were bought. As a result of this transaction, GAINOR JOHN P JR now holds 1,282 shares worth roughly $0.48 million.

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Then, GAINOR JOHN P JR bought 500 shares, generating $203,500 in total proceeds. Upon buying the shares at $407.00, the Director now owns 900 shares.

Before that, COL DOUGLAS L sold 1,812 shares. Saia Inc. shares valued at $1,010,638 were divested by the Executive VP, CFO & Secretary at a price of $557.75 per share. As a result of the transaction, COL DOUGLAS L now holds 5,623 shares, worth roughly $2.11 million.

TD Cowen reiterated its Saia Inc. [SAIA] rating to a Hold in a research note published on July 29, 2024; the price target was $416. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early June with a ‘”an Equal weight”‘ rating. TD Cowen also remained covering SAIA and reiterated its “Hold” recommendation on June 06, 2024. Stifel revised its rating on May 24, 2024. It rated SAIA as “a Buy” which previously was an “a Hold”.

Price Performance Review of SAIA

On Tuesday, Saia Inc. [NASDAQ:SAIA] saw its stock jump 1.96% to $374.80. Over the last five days, the stock has lost -3.89%. Saia Inc. shares have fallen nearly -14.47% since the year began. Nevertheless, the stocks have fallen -11.70% over the past one year. While a 52-week high of $628.34 was reached on 03/06/24, a 52-week low of $341.26 was recorded on 08/05/24. SMA at 50 days reached $442.80, while 200 days put it at $465.58.

Levels Of Support And Resistance For SAIA Stock

The 24-hour chart illustrates a support level at 368.52, which if violated will result in even more drops to 362.24. On the upside, there is a resistance level at 380.57. A further resistance level may holdings at 386.35. The Relative Strength Index (RSI) on the 14-day chart is 36.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -23.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.23%. Stochastics%K at 8.31% indicates the stock is a buying.

How much short interest is there in Saia Inc.?

A steep rise in short interest was recorded in Saia Inc. stocks on , growing by 0.39 million shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.72 million shares. There was a rise of 18.43%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 29, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $473.

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