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Potential Price Increase for Knight-Swift Transportation Holdings Inc (KNX) After Recent Insider Activity

In a filing, Knight-Swift Transportation Holdings Inc revealed its Director SYNOWICKI ROBERT E JR acquired Company’s shares for reported $0.14 million on Aug 16 ’24. In the deal valued at $53.64 per share,2,627 shares were bought.

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Then, Liu Michael K sold 5,696 shares, generating $304,680 in total proceeds. Upon selling the shares at $53.49, the EVP – Operations now owns 0 shares.

Before that, KNIGHT KEVIN P sold 45,000 shares. Knight-Swift Transportation Holdings Inc shares valued at $2,318,918 were divested by the Executive Chairman at a price of $51.53 per share. As a result of the transaction, KNIGHT KEVIN P now holds 1,422,360 shares, worth roughly $76.03 million.

TD Cowen reiterated its Knight-Swift Transportation Holdings Inc [KNX] rating to a Buy in a research note published on July 25, 2024; the price target was $57. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Peer perform”. Wells Fargo began covering KNX with “an Overweight” recommendation on June 07, 2024.

Price Performance Review of KNX

On Friday, Knight-Swift Transportation Holdings Inc [NYSE:KNX] saw its stock fall -0.35% to $53.45. Over the last five days, the stock has gained 4.52%. Knight-Swift Transportation Holdings Inc shares have fallen nearly -7.29% since the year began. Nevertheless, the stocks have fallen -6.20% over the past one year. While a 52-week high of $60.99 was reached on 02/07/24, a 52-week low of $45.55 was recorded on 05/01/24. SMA at 50 days reached $50.17, while 200 days put it at $52.66.

Levels Of Support And Resistance For KNX Stock

The 24-hour chart illustrates a support level at 53.03, which if violated will result in even more drops to 52.62. On the upside, there is a resistance level at 53.85. A further resistance level may holdings at 54.25. The Relative Strength Index (RSI) on the 14-day chart is 58.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.80%. Stochastics%K at 61.56% indicates the stock is a holding.

How much short interest is there in Knight-Swift Transportation Holdings Inc?

A steep rise in short interest was recorded in Knight-Swift Transportation Holdings Inc stocks on 2024-07-31, growing by 0.15 million shares to a total of 5.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.39 million shares. There was a rise of 2.65%, which implies that there is a positive sentiment for the stock.

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