In a filing, J.B. Hunt Transport Services, Inc. revealed its EVP and President Intermodal Field Darren P. unloaded Company’s shares for reported $0.53 million on Aug 23 ’24. In the deal valued at $175.03 per share,3,000 shares were sold. As a result of this transaction, Field Darren P. now holds 14,150 shares worth roughly $2.33 million.
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Then, Field Darren P. bought 3,000 shares, generating $525,090 in total proceeds.
Before that, Lisboa Persio V bought 600 shares. J.B. Hunt Transport Services, Inc. shares valued at $98,082 were divested by the Director at a price of $163.47 per share. As a result of the transaction, Lisboa Persio V now holds 3,594 shares, worth roughly $0.59 million.
TD Cowen reiterated its J.B. Hunt Transport Services, Inc. [JBHT] rating to a Hold in a research note published on July 17, 2024; the price target was $161. 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 Overweight”‘ rating. TD Cowen also remained covering JBHT and reiterated its “Hold” recommendation on April 17, 2024. Barclays revised its rating on April 01, 2024. It rated JBHT as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of JBHT
On Friday, J.B. Hunt Transport Services, Inc. [NASDAQ:JBHT] saw its stock fall -1.33% to $164.52. Over the last five days, the stock has lost -4.54%. J.B. Hunt Transport Services, Inc. shares have fallen nearly -17.63% since the year began. Nevertheless, the stocks have fallen -12.17% over the past one year. While a 52-week high of $219.51 was reached on 02/15/24, a 52-week low of $153.12 was recorded on 06/14/24. SMA at 50 days reached $169.72, while 200 days put it at $179.48.
Levels Of Support And Resistance For JBHT Stock
The 24-hour chart illustrates a support level at 161.92, which if violated will result in even more drops to 159.32. On the upside, there is a resistance level at 168.06. A further resistance level may holdings at 171.60. The Relative Strength Index (RSI) on the 14-day chart is 39.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.33%. Stochastics %K at 16.65% indicates the stock is a buying.
How much short interest is there in J.B. Hunt Transport Services, Inc.?
A steep rise in short interest was recorded in J.B. Hunt Transport Services, Inc. stocks on 2024-09-13, growing by 0.36 million shares to a total of 1.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.25 million shares. There was a rise of 22.57%, which implies that there is a positive sentiment for the stock.
