Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. C.H. Robinson Worldwide, Inc. shares valued at $283,855 were sold by Campbell Ben G on Aug 27 ’24. At $102.11 per share, Campbell Ben G sold 2,780 shares. The insider’s holdings dropped to 71,612 shares worth approximately $7.42 million following the completion of this transaction.
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Also, Campbell Ben G purchased 2,780 shares, netting a total of over 283,854 in proceeds.
Before that, Freeman Angela K. had sold 8,387 shares from its account. In a trade valued at $834,003, the CHRO and ESG Officer traded C.H. Robinson Worldwide, Inc. shares for $99.44 each. Upon closing the transaction, the insider’s holdings decreased to 8,387 shares, worth approximately $8.77 million.
As published in a research note from JP Morgan on August 01, 2024, C.H. Robinson Worldwide, Inc. [CHRW] has been rated up from a Neutral to an Overweight and the price target has been revised to $110 from $87. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early August. As of July 22, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for CHRW. Earlier on July 09, 2024, Vertical Research upgraded its rating. Their new recommendation was “a Buy” for CHRW stock which previously was a “a Sell”.
Analyzing CHRW Stock Performance
During the last five days, there has been a surge of approximately 4.20%. Over the course of the year, C.H. Robinson Worldwide, Inc. shares have jumped approximately 19.97%. Shares of the company reached a 52-week high of $105.41 on 08/01/24 and a 52-week low of $65.00 on 04/17/24. A 50-day SMA is recorded $97.10, while a 200-day SMA reached $84.42. Nevertheless, trading volume fell to 1.51 million shares from 1.65 million shares the previous day.
Support And Resistance Levels for C.H. Robinson Worldwide, Inc. (CHRW)
According to the 24-hour chart, there is a support level at 102.63, which, if violated, would cause prices to drop to 101.61. In the upper region, resistance lies at 104.25. The next price resistance is at 104.86. RSI (Relative Strength Index) is 64.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 12.78%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.