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TD Cowen analysts downgrades a Sell rating for Expeditors International Of Washington, Inc. (EXPD)

Expeditors International Of Washington, Inc.’s recent filing unveils that its Director DuBois James M. unloaded Company’s shares for reported $0.43 million on Jun 14 ’24. In the deal valued at $123.05 per share,3,523 shares were sold. As a result of this transaction, DuBois James M. now holds 19,829 shares worth roughly $2.38 million.

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Then, Emmert Mark A sold 8,100 shares, generating $1,001,686 in total proceeds. Upon selling the shares at $123.67, the Director now owns 14,085 shares.

Before that, Bell Blake R sold 4,100 shares. Expeditors International Of Washington, Inc. shares valued at $479,659 were divested by the President, Global Services at a price of $116.99 per share. As a result of the transaction, Bell Blake R now holds 52,745 shares, worth roughly $6.34 million.

TD Cowen downgraded its Expeditors International Of Washington, Inc. [EXPD] rating to a Sell from a a Hold in a research note published on October 14, 2024; the price target was decreased to $106 from $112. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in late May from “an Underperform” to “a Peer perform”. Exane BNP Paribas also remained covering EXPD and has increased its forecast on May 14, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. TD Cowen maintained its rating on May 08, 2024. It rated EXPD as “a Hold”.

Price Performance Review of EXPD

On Monday, Expeditors International Of Washington, Inc. [NYSE:EXPD] saw its stock fall -0.22% to $120.24. Over the last five days, the stock has lost -1.52%. Expeditors International Of Washington, Inc. shares have fallen nearly -5.47% since the year began. Nevertheless, the stocks have risen 4.76% over the past one year. While a 52-week high of $131.59 was reached on 09/30/24, a 52-week low of $107.03 was recorded on 05/01/24. SMA at 50 days reached $122.76, while 200 days put it at $121.65.

Levels Of Support And Resistance For EXPD Stock

The 24-hour chart illustrates a support level at 119.17, which if violated will result in even more drops to 118.11. On the upside, there is a resistance level at 121.28. A further resistance level may holdings at 122.33. The Relative Strength Index (RSI) on the 14-day chart is 41.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.66%. Stochastics %K at 14.56% indicates the stock is a buying.

How much short interest is there in Expeditors International Of Washington, Inc.?

A steep rise in short interest was recorded in Expeditors International Of Washington, Inc. stocks on 2024-09-30, growing by 0.22 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.14 million shares. There was a rise of 6.47%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on March 15, 2024 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $126 price target.

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