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Recent Insider Activity Suggests Potential Gains for Knight-Swift Transportation Holdings Inc (KNX)

Knight-Swift Transportation Holdings Inc’s recent filing unveils that its Director Vander Ploeg David unloaded Company’s shares for reported $28552.0 on Nov 14 ’24. In the deal valued at $57.10 per share,500 shares were sold. As a result of this transaction, Vander Ploeg David now holds 30,729 shares worth roughly $1.81 million.

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Then, KNIGHT KEVIN P sold 29,779 shares, generating $1,702,960 in total proceeds. Upon selling the shares at $57.19, the Executive Chairman now owns 0 shares.

Before that, KNIGHT KEVIN P bought 29,779 shares. Knight-Swift Transportation Holdings Inc shares valued at $1,702,958 were divested by the Director at a price of $57.19 per share.

Citigroup downgraded its Knight-Swift Transportation Holdings Inc [KNX] rating to a Sell from a a Neutral in a research note published recently. 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 Buy”‘ rating for it. Citigroup began covering KNX with “Neutral” recommendation on October 09, 2024. TD Cowen maintained its rating on July 25, 2024. It rated KNX as “a Buy”.

Price Performance Review of KNX

On Monday, Knight-Swift Transportation Holdings Inc [NYSE:KNX] saw its stock jump 1.96% to $58.75. Over the last five days, the stock has gained 4.54%. Knight-Swift Transportation Holdings Inc shares have risen nearly 1.91% since the year began. Nevertheless, the stocks have risen 13.13% 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 $53.72, while 200 days put it at $51.97.

Levels Of Support And Resistance For KNX Stock

The 24-hour chart illustrates a support level at 58.01, which if violated will result in even more drops to 57.26. On the upside, there is a resistance level at 59.63. A further resistance level may holdings at 60.51. The Relative Strength Index (RSI) on the 14-day chart is 64.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.42%. Stochastics %K at 55.34% indicates the stock is a holding.

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 2024-10-31, growing by 1.11 million shares to a total of 6.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.63 million shares. There was a rise of 16.53%, which implies that there is a positive sentiment for the stock.

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