Knight-Swift Transportation Holdings Inc’s recent filing unveils that its Director GARNREITER MICHAEL unloaded Company’s shares for reported $0.1 million on Aug 13 ’24. In the deal valued at $50.57 per share,2,000 shares were sold. As a result of this transaction, GARNREITER MICHAEL now holds 17,648 shares worth roughly $1.04 million.
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Then, SYNOWICKI ROBERT E JR sold 2,500 shares, generating $133,289 in total proceeds. Upon selling the shares at $53.32, the Director now owns 21,833 shares.
Before that, SYNOWICKI ROBERT E JR bought 2,627 shares. Knight-Swift Transportation Holdings Inc shares valued at $140,912 were divested by the Director at a price of $53.64 per share.
TD Cowen reiterated its Knight-Swift Transportation Holdings Inc [KNX] rating to a Buy in a research note published on October 24, 2024; the price target was $56. 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. TD Cowen also remained covering KNX and reiterated its “Buy” recommendation on July 25, 2024. Wolfe Research revised its rating on July 11, 2024. It rated KNX as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of KNX
On Monday, Knight-Swift Transportation Holdings Inc [NYSE:KNX] saw its stock fall -1.21% to $58.88. Over the last five days, the stock has gained 10.95%. Knight-Swift Transportation Holdings Inc shares have risen nearly 2.13% since the year began. Nevertheless, the stocks have risen 18.71% over the past one year. While a 52-week high of $60.99 was reached on 02/07/24, a 52-week low of $45.55 was recorded on 05/01/24. SMA at 50 days reached $52.70, while 200 days put it at $52.08.
Levels Of Support And Resistance For KNX Stock
The 24-hour chart illustrates a support level at 58.11, which if violated will result in even more drops to 57.33. On the upside, there is a resistance level at 60.30. A further resistance level may holdings at 61.71. The Relative Strength Index (RSI) on the 14-day chart is 69.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.10%. Stochastics %K at 86.68% indicates the stock is a selling.
How much short interest is there in Knight-Swift Transportation Holdings Inc?
A steep rise in short interest was recorded in Knight-Swift Transportation Holdings Inc stocks on 2024-10-15, growing by 0.65 million shares to a total of 6.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.66 million shares. There was a rise of 10.36%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 07, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $56 price target.
