The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. J.B. Hunt Transport Services, Inc shares valued at $771,627 were sold by THOMPSON JAMES K on Jan 21 ’25. At $175.37 per share, THOMPSON JAMES K sold 4,400 shares. The insider’s holdings dropped to 23,559 shares worth approximately $4.08 million following the completion of this transaction.
Also, THOMPSON JAMES K purchased 4,400 shares, netting a total of over 758,000 in proceeds.
Before that, Simpson Shelley had sold 6,000 shares from its account. In a trade valued at $1,100,819, the President and CEO traded J.B. Hunt Transport Services, Inc shares for $183.47 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $14.26 million.
As published in a research note from TD Cowen on January 17, 2025, J.B. Hunt Transport Services, Inc [JBHT] has been retained to a Hold and the price target has been revised to $171. Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in early January. As of October 16, 2024, TD Cowen has reiterated its “Hold” rating for JBHT. Earlier on October 09, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for JBHT stock.
Analyzing JBHT Stock Performance
During the last five days, there has been a surge of approximately 1.81%. Over the course of the year, J.B. Hunt Transport Services, Inc shares have jumped approximately 1.58%. Shares of the company reached a 52-week high of $187.51 on 01/16/25 and a 52-week low of $169.04 on 01/24/25. A 50-day SMA is recorded $178.23, while a 200-day SMA reached $170.82. Nevertheless, trading volume fell to 0.7 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for J.B. Hunt Transport Services, Inc (JBHT)
According to the 24-hour chart, there is a support level at 171.52, which, if violated, would cause prices to drop to 169.69. In the upper region, resistance lies at 174.64. The next price resistance is at 175.93. RSI (Relative Strength Index) is 46.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.20, which suggests the price will decrease in the coming days. Percent R is at 76.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
