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. C.H. Robinson Worldwide, Inc. shares valued at $283,855 were sold by Campbell Ben G on Aug 27 ’24. At $102.11 per share, Campbell Ben G sold 2,780 shares. The insider’s holdings dropped to 71,612 shares worth approximately $7.64 million following the completion of this transaction.
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Also, Campbell Ben G purchased 2,780 shares, netting a total of over 283,854 in proceeds.
Before that, Freeman Angela K. had sold 8,387 shares from its account. In a trade valued at $834,003, the CHRO and ESG Officer traded C.H. Robinson Worldwide, Inc. shares for $99.44 each. Upon closing the transaction, the insider’s holdings decreased to 8,387 shares, worth approximately $9.03 million.
As published in their initiating research note from Citigroup on October 09, 2024, C.H. Robinson Worldwide, Inc. [CHRW] has been a Neutral and the price target has been revised to $115. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of August 01, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for CHRW. Earlier on August 01, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for CHRW stock.
Analyzing CHRW Stock Performance
During the last five days, there has been a drop of approximately -3.75%. Over the course of the year, C.H. Robinson Worldwide, Inc. shares have jumped approximately 23.54%. Shares of the company reached a 52-week high of $113.10 on 10/16/24 and a 52-week low of $65.00 on 04/17/24. A 50-day SMA is recorded $104.88, while a 200-day SMA reached $87.21. Nevertheless, trading volume fell to 1.09 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for C.H. Robinson Worldwide, Inc. (CHRW)
According to the 24-hour chart, there is a support level at 106.02, which, if violated, would cause prices to drop to 105.30. In the upper region, resistance lies at 107.77. The next price resistance is at 108.80. RSI (Relative Strength Index) is 47.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.27, which suggests the price will decrease in the coming days. Percent R is at 89.72%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
