Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $3.71 million following the completion of this transaction.
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 $2.99 million.
As published in a research note from Susquehanna on January 07, 2025, Saia Inc [SAIA] has been rated down from a Positive to a Neutral and the price target has been revised to $530. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late October. As of October 09, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for SAIA. Earlier on October 09, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for SAIA stock.
Analyzing SAIA Stock Performance
During the last five days, there has been a drop of approximately -1.65%. Over the course of the year, Saia Inc shares have dropped approximately -1.65%. Shares of the company reached a 52-week high of $480.72 on 01/06/25 and a 52-week low of $443.31 on 01/02/25. A 50-day SMA is recorded $512.35, while a 200-day SMA reached $463.69. Nevertheless, trading volume fell to 0.27 million shares from 0.34 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 445.13, which, if violated, would cause prices to drop to 442.04. In the upper region, resistance lies at 453.58. The next price resistance is at 458.95. RSI (Relative Strength Index) is 34.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.38, which suggests the price will decrease in the coming days. Percent R is at 95.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
