C.H. Robinson Worldwide, Inc’s recently made public that its President, Global Forwarding Short Michael John unloaded Company’s shares for reported $1.14 million on Nov 11 ’24. In the deal valued at $109.87 per share,10,408 shares were sold. As a result of this transaction, Short Michael John now holds 70,943 shares worth roughly $7.8 million.
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Then, Short Michael John bought 10,408 shares, generating $1,143,491 in total proceeds.
Before that, Campbell Ben G sold 2,780 shares. C.H. Robinson Worldwide, Inc shares valued at $283,855 were divested by the Chief Legal Officer/Secretary at a price of $102.11 per share. As a result of the transaction, Campbell Ben G now holds 71,612 shares, worth roughly $7.88 million.
Citigroup upgraded its C.H. Robinson Worldwide, Inc [CHRW] rating to a Buy from a a Neutral in a research note published on November 12, 2024; the price target was increased to $127 from $110. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Hold”‘ rating for it. Citigroup began covering CHRW with “Neutral” recommendation on October 09, 2024. UBS revised its rating on October 04, 2024. It rated CHRW as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CHRW
On Monday, C.H. Robinson Worldwide, Inc [NASDAQ:CHRW] saw its stock fall -0.18% to $109.99. Over the last five days, the stock has gained 0.88%. C.H. Robinson Worldwide, Inc shares have risen nearly 27.32% since the year began. Nevertheless, the stocks have risen 34.36% 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 $106.92, while 200 days put it at $89.16.
Levels Of Support And Resistance For CHRW Stock
The 24-hour chart illustrates a support level at 109.36, which if violated will result in even more drops to 108.74. On the upside, there is a resistance level at 110.84. A further resistance level may holdings at 111.70. The Relative Strength Index (RSI) on the 14-day chart is 56.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.04%. Stochastics %K at 85.74% indicates the stock is a selling.
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 2024-10-31, dropping by -1.14 million shares to a total of 4.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.4 million shares. There was a decline of -26.89%, which implies that there is a negative sentiment for the stock.
