In a filing, J.B. Hunt Transport Services, Inc revealed 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 $14.94 million.
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.
Susquehanna upgraded its J.B. Hunt Transport Services, Inc [JBHT] rating to a Positive from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Hold”‘ rating for it. Citigroup began covering JBHT with “Buy” recommendation on October 09, 2024. TD Cowen maintained its rating on July 17, 2024. It rated JBHT as “a Hold”.
Price Performance Review of JBHT
On Tuesday, J.B. Hunt Transport Services, Inc [NASDAQ:JBHT] saw its stock jump 1.33% to $181.62. Over the last five days, the stock has gained 2.96%. J.B. Hunt Transport Services, Inc shares have risen nearly 6.42% since the year began. Nevertheless, the stocks have fallen -4.97% over the past one year. While a 52-week high of $219.51 was reached on 01/14/25, a 52-week low of $153.12 was recorded on 01/02/25. SMA at 50 days reached $181.01, while 200 days put it at $171.84.
Levels Of Support And Resistance For JBHT Stock
The 24-hour chart illustrates a support level at 179.71, which if violated will result in even more drops to 177.79. On the upside, there is a resistance level at 183.44. A further resistance level may holdings at 185.25. The Relative Strength Index (RSI) on the 14-day chart is 59.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.62%. Stochastics %K at 82.10% indicates the stock is a selling.
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 2024-12-31, growing by 0.16 million shares to a total of 2.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.43 million shares. There was a rise of 6.23%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 07, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $185 price target.
