J.B. Hunt Transport Services, Inc’s recent filing unveils that its President and CEO Simpson Shelley unloaded Company’s shares for reported $1.1 million on Dec 05 ’24. In the deal valued at $183.47 per share,6,000 shares were sold. As a result of this transaction, Simpson Shelley now holds 82,264 shares worth roughly $14.79 million.
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Then, McGee Eric sold 145 shares, generating $26,495 in total proceeds. Upon selling the shares at $182.72, the EVP Highway Services now owns 700 shares.
Before that, Shelley Simpson bought 6,000 shares. J.B. Hunt Transport Services, Inc shares valued at $1,110,780 were divested by the President and CEO at a price of $185.13 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 Friday, J.B. Hunt Transport Services, Inc [NASDAQ:JBHT] saw its stock fall -0.75% to $179.79. Over the last five days, the stock has lost -0.66%. J.B. Hunt Transport Services, Inc shares have fallen nearly -9.99% since the year began. Nevertheless, the stocks have fallen -8.28% 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 $180.87, while 200 days put it at $174.09.
Levels Of Support And Resistance For JBHT Stock
The 24-hour chart illustrates a support level at 178.83, which if violated will result in even more drops to 177.87. On the upside, there is a resistance level at 181.17. A further resistance level may holdings at 182.55. The Relative Strength Index (RSI) on the 14-day chart is 42.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.05%. Stochastics %K at 13.90% indicates the stock is a buying.
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 2024-11-29, growing by 0.45 million shares to a total of 2.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.98 million shares. There was a rise of 18.41%, 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.
