Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. C.H. Robinson Worldwide, Inc shares valued at $210,942 were sold by Castagnetto Michael D. on Dec 31 ’24. At $103.81 per share, Castagnetto Michael D. sold 2,032 shares. The insider’s holdings dropped to 34,469 shares worth approximately $3.72 million following the completion of this transaction.
Also, Castagnetto Michael D. purchased 2,032 shares, netting a total of over 210,942 in proceeds.
Before that, Campbell Ben G had sold 25,976 shares from its account. In a trade valued at $2,857,360, the Chief Legal Officer/Secretary traded C.H. Robinson Worldwide, Inc shares for $110.00 each. Upon closing the transaction, the insider’s holdings decreased to 25,976 shares, worth approximately $7.45 million.
As published in a research note from Raymond James on January 10, 2025, C.H. Robinson Worldwide, Inc [CHRW] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $123. Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in early January. As of December 13, 2024, TD Cowen has reiterated its “Hold” rating for CHRW. Earlier on December 09, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for CHRW stock which previously was a “an Equal weight”.
Analyzing CHRW Stock Performance
During the last five days, there has been a surge of approximately 2.55%. Over the course of the year, C.H. Robinson Worldwide, Inc shares have jumped approximately 4.46%. Shares of the company reached a 52-week high of $110.25 on 01/29/25 and a 52-week low of $100.92 on 01/13/25. A 50-day SMA is recorded $106.44, while a 200-day SMA reached $96.85. Nevertheless, trading volume fell to 1.51 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for C.H. Robinson Worldwide, Inc (CHRW)
According to the 24-hour chart, there is a support level at 107.00, which, if violated, would cause prices to drop to 106.08. In the upper region, resistance lies at 109.55. The next price resistance is at 111.18. RSI (Relative Strength Index) is 57.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.67, which suggests the price will increase in the coming days. Percent R is at 24.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
