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Knight-Swift Transportation Holdings Inc (KNX) rating reiterates by TD Cowen

Knight-Swift Transportation Holdings Inc’s recent filing unveils that its Director GARNREITER MICHAEL unloaded Company’s shares for reported $0.1 million on Aug 13 ’24. In the deal valued at $50.57 per share,2,000 shares were sold. As a result of this transaction, GARNREITER MICHAEL now holds 17,648 shares worth roughly $0.93 million.

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Then, SYNOWICKI ROBERT E JR sold 2,500 shares, generating $133,289 in total proceeds. Upon selling the shares at $53.32, the Director now owns 21,833 shares.

Before that, SYNOWICKI ROBERT E JR bought 2,627 shares. Knight-Swift Transportation Holdings Inc shares valued at $140,912 were divested by the Director at a price of $53.64 per share.

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 Tuesday, Knight-Swift Transportation Holdings Inc [NYSE:KNX] saw its stock jump 0.13% to $52.45. Over the last five days, the stock has lost -1.35%. Knight-Swift Transportation Holdings Inc shares have fallen nearly -9.02% since the year began. Nevertheless, the stocks have fallen -4.32% 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 $51.26, while 200 days put it at $52.83.

Levels Of Support And Resistance For KNX Stock

The 24-hour chart illustrates a support level at 51.56, which if violated will result in even more drops to 50.66. On the upside, there is a resistance level at 53.19. A further resistance level may holdings at 53.92. The Relative Strength Index (RSI) on the 14-day chart is 51.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.79%. Stochastics %K at 36.00% 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 2024-08-15, growing by 0.2 million shares to a total of 5.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.73 million shares. There was a rise of 3.36%, which implies that there is a positive sentiment for the stock.

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