Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. J.B. Hunt Transport Services, Inc shares valued at $557,700 were purchased by McGee Eric on Feb 04 ’25. At $169.00 per share, McGee Eric acquired 3,300 shares.
Also, McGee Eric sold 3,300 shares, netting a total of over 557,700 in proceeds. Following the sale of shares at $169.00 each, the insider now holds 825 shares.
Before that, THOMPSON JAMES K had sold 4,400 shares from its account. In a trade valued at $771,627, the Honorary Founding Director traded J.B. Hunt Transport Services, Inc shares for $175.37 each. Upon closing the transaction, the insider’s holdings decreased to 4,400 shares, worth approximately $3.88 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 drop of approximately -3.43%. Over the course of the year, J.B. Hunt Transport Services, Inc shares have dropped approximately -3.53%. Shares of the company reached a 52-week high of $187.51 on 01/16/25 and a 52-week low of $164.05 on 02/12/25. A 50-day SMA is recorded $175.24, while a 200-day SMA reached $170.73. Nevertheless, trading volume fell to 0.53 million shares from 0.65 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 163.58, which, if violated, would cause prices to drop to 162.54. In the upper region, resistance lies at 166.14. The next price resistance is at 167.66. RSI (Relative Strength Index) is 37.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.19, which suggests the price will decrease in the coming days. Percent R is at 95.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
