In a filing, C.H. Robinson Worldwide, Inc. revealed its Chief Legal Officer/Secretary Campbell Ben G unloaded Company’s shares for reported $0.28 million on Aug 27 ’24. In the deal valued at $102.11 per share,2,780 shares were sold. As a result of this transaction, Campbell Ben G now holds 71,612 shares worth roughly $7.9 million.
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Then, Campbell Ben G bought 2,780 shares, generating $283,854 in total proceeds.
Before that, Freeman Angela K. sold 8,387 shares. C.H. Robinson Worldwide, Inc. shares valued at $834,003 were divested by the CHRO and ESG Officer at a price of $99.44 per share. As a result of the transaction, Freeman Angela K. now holds 84,639 shares, worth roughly $9.34 million.
JP Morgan upgraded its C.H. Robinson Worldwide, Inc. [CHRW] rating to an Overweight from a a Neutral in a research note published on August 01, 2024; the price target was increased to $110 from $87. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Hold”‘ rating for it. BofA Securities also remained covering CHRW and has increased its forecast on July 22, 2024 with a “Buy” recommendation from previously “an Underperform” rating. Vertical Research revised its rating on July 09, 2024. It rated CHRW as “a Buy” which previously was an “a Sell”.
Price Performance Review of CHRW
On Monday, C.H. Robinson Worldwide, Inc. [NASDAQ:CHRW] saw its stock jump 1.87% to $110.37. Over the last five days, the stock has gained 3.68%. C.H. Robinson Worldwide, Inc. shares have risen nearly 27.76% since the year began. Nevertheless, the stocks have risen 26.66% over the past one year. While a 52-week high of $109.33 was reached on 09/30/24, a 52-week low of $65.00 was recorded on 04/17/24. SMA at 50 days reached $99.92, while 200 days put it at $85.22.
Levels Of Support And Resistance For CHRW Stock
The 24-hour chart illustrates a support level at 109.09, which if violated will result in even more drops to 107.80. On the upside, there is a resistance level at 111.08. A further resistance level may holdings at 111.79. The Relative Strength Index (RSI) on the 14-day chart is 75.20, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.10%. Stochastics %K at 91.62% indicates the stock is a selling.
How much short interest is there in C.H. Robinson Worldwide, Inc.?
A steep rise in short interest was recorded in C.H. Robinson Worldwide, Inc. stocks on 2024-09-13, growing by 23838.0 shares to a total of 6.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.12 million shares. There was a rise of 0.39%, which implies that there is a positive sentiment for the stock.
