Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. J.B. Hunt Transport Services, Inc. shares valued at $525,090 were sold by Field Darren P. on Aug 23 ’24. At $175.03 per share, Field Darren P. sold 3,000 shares. The insider’s holdings dropped to 14,150 shares worth approximately $2.35 million following the completion of this transaction.
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Also, Field Darren P. purchased 3,000 shares, netting a total of over 525,090 in proceeds.
Before that, Lisboa Persio V had added 600 shares to its account. In a trade valued at $98,082, the Director bought J.B. Hunt Transport Services, Inc. shares for $163.47 each. Upon closing the transaction, the insider’s holdings increased to 600 shares, worth approximately $0.6 million.
As published in their initiating research note from Citigroup on October 09, 2024, J.B. Hunt Transport Services, Inc. [JBHT] has been a Buy and the price target has been revised to $201. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in mid July. As of June 07, 2024, Wells Fargo has initiated its “an Overweight” rating for JBHT. Earlier on April 17, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for JBHT stock.
Analyzing JBHT Stock Performance
During the last five days, there has been a drop of approximately -1.22%. Over the course of the year, J.B. Hunt Transport Services, Inc. shares have dropped approximately -16.85%. Shares of the company reached a 52-week high of $219.51 on 02/15/24 and a 52-week low of $153.12 on 06/14/24. A 50-day SMA is recorded $169.34, while a 200-day SMA reached $178.98. Nevertheless, trading volume fell to 0.8 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for J.B. Hunt Transport Services, Inc. (JBHT)
According to the 24-hour chart, there is a support level at 164.66, which, if violated, would cause prices to drop to 163.23. In the upper region, resistance lies at 167.44. The next price resistance is at 168.79. RSI (Relative Strength Index) is 43.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.82, which suggests the price will decrease in the coming days. Percent R is at 69.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
