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An Analysis of Saia Inc. (SAIA)’s Potential Price Growth

In a filing, Saia Inc. revealed its Exec. VP & Chief Customer Off. RAMU RAYMOND R unloaded Company’s shares for reported $0.33 million on Sep 09 ’24. In the deal valued at $407.70 per share,820 shares were sold. As a result of this transaction, RAMU RAYMOND R now holds 3,253 shares worth roughly $1.42 million.

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Then, RAYMOND R. RAMU bought 820 shares, generating $334,311 in total proceeds.

Before that, GAINOR JOHN P JR bought 382 shares. Saia Inc. shares valued at $149,960 were divested by the Director at a price of $392.56 per share. As a result of the transaction, GAINOR JOHN P JR now holds 1,282 shares, worth roughly $0.56 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 Friday, Saia Inc. [NASDAQ:SAIA] saw its stock fall -3.76% to $436.78. Over the last five days, the stock has gained 0.99%. Saia Inc. shares have fallen nearly -0.33% since the year began. Nevertheless, the stocks have risen 11.65% 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 $415.87, while 200 days put it at $466.63.

Levels Of Support And Resistance For SAIA Stock

The 24-hour chart illustrates a support level at 428.26, which if violated will result in even more drops to 419.74. On the upside, there is a resistance level at 447.31. A further resistance level may holdings at 457.84. The Relative Strength Index (RSI) on the 14-day chart is 58.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.98%. Stochastics %K at 80.91% indicates the stock is a selling.

How much short interest is there in Saia Inc.?

A steep rise in short interest was recorded in Saia Inc. stocks on 2024-08-30, growing by 0.21 million shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.1 million shares. There was a rise of 8.93%, 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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