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. Knight-Swift Transportation Holdings Inc shares valued at $101,140 were sold by GARNREITER MICHAEL on Aug 13 ’24. At $50.57 per share, GARNREITER MICHAEL sold 2,000 shares. The insider’s holdings dropped to 17,648 shares worth approximately $0.92 million following the completion of this transaction.
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Also, SYNOWICKI ROBERT E JR sold 2,500 shares, netting a total of over 133,289 in proceeds. Following the sale of shares at $53.32 each, the insider now holds 21,833 shares.
Before that, SYNOWICKI ROBERT E JR had added 2,627 shares to its account. In a trade valued at $140,912, the Director bought Knight-Swift Transportation Holdings Inc shares for $53.64 each.
As published in a research note from TD Cowen on October 24, 2024, Knight-Swift Transportation Holdings Inc [KNX] has been retained to a Buy and the price target has been revised to $56. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of July 25, 2024, TD Cowen has reiterated its “Buy” rating for KNX. Earlier on July 11, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for KNX stock which previously was a “an Outperform”.
Analyzing KNX Stock Performance
During the last five days, there has been a surge of approximately 0.27%. Over the course of the year, Knight-Swift Transportation Holdings Inc shares have dropped approximately -9.66%. Shares of the company reached a 52-week high of $60.99 on 02/07/24 and a 52-week low of $45.55 on 05/01/24. A 50-day SMA is recorded $52.19, while a 200-day SMA reached $52.10. Nevertheless, trading volume fell to 1.93 million shares from 1.66 million shares the previous day.
Support And Resistance Levels for Knight-Swift Transportation Holdings Inc (KNX)
According to the 24-hour chart, there is a support level at 51.58, which, if violated, would cause prices to drop to 51.09. In the upper region, resistance lies at 53.05. The next price resistance is at 54.03. RSI (Relative Strength Index) is 48.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 54.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
