Following these proceedings, Citigroup upgraded its Werner Enterprises, Inc [WERN] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early March with a ‘”a Hold”‘ rating. Susquehanna also remained covering WERN and has increased its forecast on January 03, 2025 with a “Neutral” recommendation from previously “Negative” rating. TD Cowen maintained its rating on October 30, 2024. It rated WERN as “a Buy”.
Price Performance Review of WERN
On Monday, Werner Enterprises, Inc [NASDAQ:WERN] saw its stock fall -0.71% to $28.10. Over the last five days, the stock has lost -1.33%. Werner Enterprises, Inc shares have fallen nearly -21.77% since the year began. Nevertheless, the stocks have fallen -20.60% over the past one year. While a 52-week high of $42.48 was reached on 01/23/25, a 52-week low of $26.50 was recorded on 04/07/25. SMA at 50 days reached $30.82, while 200 days put it at $35.79.
Levels Of Support And Resistance For WERN Stock
The 24-hour chart illustrates a support level at 27.49, which if violated will result in even more drops to 26.89. On the upside, there is a resistance level at 28.60. A further resistance level may holdings at 29.11. The Relative Strength Index (RSI) on the 14-day chart is 42.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.80%. Stochastics %K at 47.88% indicates the stock is a holding.
How much short interest is there in Werner Enterprises, Inc?
A steep rise in short interest was recorded in Werner Enterprises, Inc stocks on 2025-03-31, dropping by -0.14 million shares to a total of 3.4 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.54 million shares. There was a decline of -4.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 09, 2024 when Citigroup began covering the stock and recommended ‘”a Sell”‘ rating along with a $34 price target.
