The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Saia Inc. shares valued at $334,311 were sold by RAMU RAYMOND R on Sep 09 ’24. At $407.70 per share, RAMU RAYMOND R sold 820 shares. The insider’s holdings dropped to 3,253 shares worth approximately $1.34 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, RAYMOND R. RAMU purchased 820 shares, netting a total of over 334,311 in proceeds.
Before that, GAINOR JOHN P JR had added 382 shares to its account. In a trade valued at $149,960, the Director bought Saia Inc. shares for $392.56 each. Upon closing the transaction, the insider’s holdings increased to 382 shares, worth approximately $0.53 million.
As published in a research note from Stifel on October 21, 2024, Saia Inc. [SAIA] has been rated down from a Buy to a Hold and the price target has been revised to $437 from $440. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of October 09, 2024, Citigroup has initiated its “Buy” rating for SAIA. Earlier on July 29, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for SAIA stock.
Analyzing SAIA Stock Performance
During the last five days, there has been a drop of approximately -10.17%. Over the course of the year, Saia Inc. shares have dropped approximately -5.78%. Shares of the company reached a 52-week high of $628.34 on 03/06/24 and a 52-week low of $358.90 on 08/05/24. A 50-day SMA is recorded $420.48, while a 200-day SMA reached $468.60. Nevertheless, trading volume fell to 0.65 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Saia Inc. (SAIA)
According to the 24-hour chart, there is a support level at 408.33, which, if violated, would cause prices to drop to 403.76. In the upper region, resistance lies at 421.73. The next price resistance is at 430.56. RSI (Relative Strength Index) is 41.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.56, which suggests the price will decrease in the coming days. Percent R is at 99.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
