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Monitoring C.H. Robinson Worldwide, Inc. (CHRW) after recent insider movements

C.H. Robinson Worldwide, Inc.’s recently made public that 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 $7.64 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 $9.03 million.

UBS upgraded its C.H. Robinson Worldwide, Inc. [CHRW] rating to a Buy from a a Neutral in a research note published on October 04, 2024; the price target was increased to $140 from $100. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Overweight”. TD Cowen also remained covering CHRW and reiterated its “Hold” recommendation on August 01, 2024. BofA Securities revised its rating on July 22, 2024. It rated CHRW as “a Buy” which previously was an “an Underperform”.

Price Performance Review of CHRW

On Monday, C.H. Robinson Worldwide, Inc. [NASDAQ:CHRW] saw its stock fall -0.01% to $106.72. Over the last five days, the stock has lost -3.31%. C.H. Robinson Worldwide, Inc. shares have risen nearly 23.53% since the year began. Nevertheless, the stocks have risen 26.52% over the past one year. While a 52-week high of $110.51 was reached on 09/30/24, a 52-week low of $65.00 was recorded on 04/17/24. SMA at 50 days reached $101.66, while 200 days put it at $85.78.

Levels Of Support And Resistance For CHRW Stock

The 24-hour chart illustrates a support level at 106.12, which if violated will result in even more drops to 105.51. On the upside, there is a resistance level at 107.21. A further resistance level may holdings at 107.69. The Relative Strength Index (RSI) on the 14-day chart is 57.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.03%. Stochastics %K at 62.22% indicates the stock is a holding.

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.

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