C.H. Robinson Worldwide, Inc’s recent filing unveils that its Chief Legal Officer/Secretary Campbell Ben G unloaded Company’s shares for reported $0.28 million on Aug 27 ’24. In the deal valued at $102.11 per share,2,780 shares were sold. As a result of this transaction, Campbell Ben G now holds 71,612 shares worth roughly $7.35 million.
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Then, Campbell Ben G bought 2,780 shares, generating $283,854 in total proceeds.
Before that, Freeman Angela K. sold 8,387 shares. C.H. Robinson Worldwide, Inc shares valued at $834,003 were divested by the CHRO and ESG Officer at a price of $99.44 per share. As a result of the transaction, Freeman Angela K. now holds 84,639 shares, worth roughly $8.69 million.
TD Cowen reiterated its C.H. Robinson Worldwide, Inc [CHRW] rating to a Hold in a research note published on October 31, 2024; the price target was $113. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. UBS also remained covering CHRW and has increased its forecast on October 04, 2024 with a “Buy” recommendation from previously “Neutral” rating. JP Morgan revised its rating on August 01, 2024. It rated CHRW as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of CHRW
On Monday, C.H. Robinson Worldwide, Inc [NASDAQ:CHRW] saw its stock jump 0.82% to $102.65. Over the last five days, the stock has lost -5.77%. C.H. Robinson Worldwide, Inc shares have risen nearly 18.82% since the year began. Nevertheless, the stocks have risen 26.06% over the past one year. While a 52-week high of $113.10 was reached on 10/16/24, a 52-week low of $65.00 was recorded on 04/17/24. SMA at 50 days reached $105.70, while 200 days put it at $87.90.
Levels Of Support And Resistance For CHRW Stock
The 24-hour chart illustrates a support level at 101.70, which if violated will result in even more drops to 100.74. On the upside, there is a resistance level at 103.88. A further resistance level may holdings at 105.10. The Relative Strength Index (RSI) on the 14-day chart is 38.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.54%. Stochastics %K at 16.30% indicates the stock is a buying.
How much short interest is there in C.H. Robinson Worldwide, Inc?
A steep rise in short interest was recorded in C.H. Robinson Worldwide, Inc stocks on 2024-10-15, dropping by -1.31 million shares to a total of 4.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.15 million shares. There was a decline of -26.96%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 01, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $103.
