Saia Inc’s recently made public that its EVP IT and CIO Lal Rohit unloaded Company’s shares for reported $0.63 million on Nov 21 ’24. In the deal valued at $560.00 per share,1,120 shares were sold. As a result of this transaction, Lal Rohit now holds 8,270 shares worth roughly $3.92 million.
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Then, ROHIT LAL bought 1,120 shares, generating $627,200 in total proceeds.
Before that, SUGAR PATRICK D sold 804 shares. Saia Inc shares valued at $444,470 were divested by the EVP Operations at a price of $552.82 per share. As a result of the transaction, SUGAR PATRICK D now holds 6,671 shares, worth roughly $3.16 million.
Stifel downgraded its Saia Inc [SAIA] rating to a Hold from a a Buy in a research note published on October 21, 2024; the price target was decreased to $437 from $440. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early October from “a Peer perform” to “an Outperform”. Citigroup began covering SAIA with “Buy” recommendation on October 09, 2024. TD Cowen maintained its rating on July 29, 2024. It rated SAIA as “a Hold”.
Price Performance Review of SAIA
On Friday, Saia Inc [NASDAQ:SAIA] saw its stock fall -4.35% to $473.40. Over the last five days, the stock has lost -10.45%. Saia Inc shares have risen nearly 8.03% since the year began. Nevertheless, the stocks have risen 8.44% over the past one year. While a 52-week high of $628.34 was reached on 03/06/24, a 52-week low of $358.90 was recorded on 08/05/24. SMA at 50 days reached $507.68, while 200 days put it at $470.11.
Levels Of Support And Resistance For SAIA Stock
The 24-hour chart illustrates a support level at 451.91, which if violated will result in even more drops to 430.43. On the upside, there is a resistance level at 494.44. A further resistance level may holdings at 515.49. The Relative Strength Index (RSI) on the 14-day chart is 33.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -27.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.40%. Stochastics %K at 8.77% indicates the stock is a buying.
How much short interest is there in Saia Inc?
A steep rise in short interest was recorded in Saia Inc stocks on 2024-11-29, dropping by -0.13 million shares to a total of 2.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.22 million shares. There was a decline of -6.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 07, 2024 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $445 price target.
