Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Knight-Swift Transportation Holdings Inc shares valued at $28,552 were sold by Vander Ploeg David on Nov 14 ’24. At $57.10 per share, Vander Ploeg David sold 500 shares. The insider’s holdings dropped to 30,729 shares worth approximately $1.74 million following the completion of this transaction.
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Also, KNIGHT KEVIN P sold 29,779 shares, netting a total of over 1,702,960 in proceeds. Following the sale of shares at $57.19 each, the insider now holds 0 shares.
Before that, KNIGHT KEVIN P had added 29,779 shares to its account. In a trade valued at $1,702,958, the Director bought Knight-Swift Transportation Holdings Inc shares for $57.19 each.
As published in a research note from Citigroup on November 12, 2024, Knight-Swift Transportation Holdings Inc [KNX] has been rated down from a Neutral to a Sell and the price target has been revised to $56. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of October 09, 2024, Citigroup has initiated its “Neutral” rating for KNX. Earlier on July 25, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for KNX stock.
Analyzing KNX Stock Performance
During the last five days, there has been a drop of approximately -4.92%. Over the course of the year, Knight-Swift Transportation Holdings Inc shares have dropped approximately -1.72%. Shares of the company reached a 52-week high of $60.99 on 02/07/24 and a 52-week low of $45.55 on 05/01/24. A 50-day SMA is recorded $54.38, while a 200-day SMA reached $51.96. Nevertheless, trading volume fell to 1.65 million shares from 3.33 million shares the previous day.
Support And Resistance Levels for Knight-Swift Transportation Holdings Inc (KNX)
According to the 24-hour chart, there is a support level at 55.93, which, if violated, would cause prices to drop to 55.20. In the upper region, resistance lies at 57.19. The next price resistance is at 57.72. RSI (Relative Strength Index) is 51.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 71.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
