Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Saia Inc shares valued at $627,200 were sold by Lal Rohit on Nov 21 ’24. At $560.00 per share, Lal Rohit sold 1,120 shares. The insider’s holdings dropped to 8,270 shares worth approximately $4.67 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, ROHIT LAL purchased 1,120 shares, netting a total of over 627,200 in proceeds.
Before that, SUGAR PATRICK D had sold 804 shares from its account. In a trade valued at $444,470, the EVP Operations traded Saia Inc shares for $552.82 each. Upon closing the transaction, the insider’s holdings decreased to 804 shares, worth approximately $3.76 million.
As published in a research note from Stifel on October 21, 2024, Saia Inc [SAIA] has been rated down from a Buy to a Hold and the price target has been revised to $437 from $440. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of October 09, 2024, Citigroup has initiated its “Buy” rating for SAIA. Earlier on July 29, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for SAIA stock.
Analyzing SAIA Stock Performance
During the last five days, there has been a surge of approximately 6.49%. Over the course of the year, Saia Inc shares have jumped approximately 28.79%. Shares of the company reached a 52-week high of $628.34 on 03/06/24 and a 52-week low of $358.90 on 08/05/24. A 50-day SMA is recorded $479.65, while a 200-day SMA reached $473.62. Nevertheless, trading volume fell to 0.37 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Saia Inc (SAIA)
According to the 24-hour chart, there is a support level at 553.20, which, if violated, would cause prices to drop to 542.01. In the upper region, resistance lies at 576.92. The next price resistance is at 589.45. RSI (Relative Strength Index) is 65.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 20.17, which suggests the price will increase in the coming days. Percent R is at 20.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
