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 $2.55 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 $0.65 million.
As published in a research note from TD Cowen on October 16, 2024, J.B. Hunt Transport Services, Inc. [JBHT] has been retained to a Hold and the price target has been revised to $182. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of July 17, 2024, TD Cowen has reiterated its “Hold” rating for JBHT. Earlier on June 07, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for JBHT stock.
Analyzing JBHT Stock Performance
During the last five days, there has been a surge of approximately 8.47%. Over the course of the year, J.B. Hunt Transport Services, Inc. shares have dropped approximately -9.81%. 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 $170.07, while a 200-day SMA reached $178.27. Nevertheless, trading volume fell to 3.02 million shares from 1.66 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 176.43, which, if violated, would cause prices to drop to 172.71. In the upper region, resistance lies at 185.93. The next price resistance is at 191.72. RSI (Relative Strength Index) is 67.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.03, which suggests the price will increase in the coming days. Percent R is at 30.19%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
