In a filing, C.H. Robinson Worldwide, Inc revealed its Chief Legal Officer/Secretary Campbell Ben G unloaded Company’s shares for reported $2.86 million on Dec 11 ’24. In the deal valued at $110.00 per share,25,976 shares were sold. As a result of this transaction, Campbell Ben G now holds 69,066 shares worth roughly $7.18 million.
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Then, Campbell Ben G bought 25,976 shares, generating $2,857,360 in total proceeds.
Before that, Short Michael John sold 10,408 shares. C.H. Robinson Worldwide, Inc shares valued at $1,143,493 were divested by the President, Global Forwarding at a price of $109.87 per share. As a result of the transaction, Short Michael John now holds 70,943 shares, worth roughly $7.38 million.
TD Cowen reiterated its C.H. Robinson Worldwide, Inc [CHRW] rating to a Hold in a research note published on December 13, 2024; the price target was $119. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early December from “an Equal weight” to “an Overweight”. Citigroup also remained covering CHRW and has increased its forecast on November 12, 2024 with a “Buy” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on October 31, 2024. It rated CHRW as “a Hold”.
Price Performance Review of CHRW
On Monday, C.H. Robinson Worldwide, Inc [NASDAQ:CHRW] saw its stock fall -0.32% to $104.01. Over the last five days, the stock has lost -5.54%. C.H. Robinson Worldwide, Inc shares have risen nearly 20.40% since the year began. Nevertheless, the stocks have risen 21.15% over the past one year. While a 52-week high of $114.82 was reached on 12/13/24, a 52-week low of $65.00 was recorded on 04/17/24. SMA at 50 days reached $107.93, while 200 days put it at $93.28.
Levels Of Support And Resistance For CHRW Stock
The 24-hour chart illustrates a support level at 103.01, which if violated will result in even more drops to 102.02. On the upside, there is a resistance level at 104.84. A further resistance level may holdings at 105.67. The Relative Strength Index (RSI) on the 14-day chart is 39.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.31%. Stochastics %K at 8.54% indicates the stock is a buying.
How much short interest is there in C.H. Robinson Worldwide, Inc?
A steep rise in short interest was recorded in C.H. Robinson Worldwide, Inc stocks on 2024-11-29, growing by 0.47 million shares to a total of 4.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.26 million shares. There was a rise of 9.98%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 09, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $115 price target.
