J.B. Hunt Transport Services, Inc’s recent filing unveils that its SR VP, Treasurer Bracy Kevin unloaded Company’s shares for reported $0.31 million on Nov 07 ’24. In the deal valued at $189.87 per share,1,614 shares were sold. As a result of this transaction, Bracy Kevin now holds 8,235 shares worth roughly $1.57 million.
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Then, Webb Brian sold 530 shares, generating $102,200 in total proceeds. Upon selling the shares at $192.83, the EVP- Final Mile Services now owns 15,733 shares.
Before that, Bracy Kevin bought 1,614 shares. J.B. Hunt Transport Services, Inc shares valued at $306,450 were divested by the Director at a price of $189.87 per share.
TD Cowen reiterated its J.B. Hunt Transport Services, Inc [JBHT] rating to a Hold in a research note published on October 16, 2024; the price target was $182. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. TD Cowen also remained covering JBHT and reiterated its “Hold” recommendation on July 17, 2024. Wells Fargo started covering the stock on June 07, 2024. It rated JBHT as “an Overweight”.
Price Performance Review of JBHT
On Tuesday, J.B. Hunt Transport Services, Inc [NASDAQ:JBHT] saw its stock jump 1.33% to $190.86. Over the last five days, the stock has gained 5.93%. J.B. Hunt Transport Services, Inc shares have fallen nearly -4.45% since the year began. Nevertheless, the stocks have risen 6.25% over the past one year. While a 52-week high of $219.51 was reached on 02/15/24, a 52-week low of $153.12 was recorded on 06/14/24. SMA at 50 days reached $177.69, while 200 days put it at $175.63.
Levels Of Support And Resistance For JBHT Stock
The 24-hour chart illustrates a support level at 187.30, which if violated will result in even more drops to 183.73. On the upside, there is a resistance level at 192.76. A further resistance level may holdings at 194.65. The Relative Strength Index (RSI) on the 14-day chart is 60.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.28%. Stochastics %K at 40.12% indicates the stock is a holding.
How much short interest is there in J.B. Hunt Transport Services, Inc?
A steep rise in short interest was recorded in J.B. Hunt Transport Services, Inc stocks on 2024-11-15, growing by 0.22 million shares to a total of 1.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.73 million shares. There was a rise of 11.38%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 17, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $181.
