Swift Transportation Company (SWFT) has risen sharply, recording gains of 7.44% in the past 4 weeks. However, the stock has corrected -5.28% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.34% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.34% and the 50-Day Moving Average is 9.47%. Swift Transportation Company (NYSE:SWFT): On Fridays trading session , Opening price of the stock was $18.88 with an intraday high of $18.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.52. However, the stock managed to close at $18.64, a loss of 1.58% for the day. On the previous day, the stock had closed at $18.94. The total traded volume of the day was 1,026,169 shares.
The company Insiders own 44.9% of Swift Transportation Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.07% . Institutional Investors own 74.59% of Swift Transportation Company shares. During last six month period, the net percent change held by insiders has seen a change of -15.07%. Also, Major Brokerage house, UBS maintains its ratings on Swift Transportation Company (NYSE:SWFT). In the latest research report, UBS raises the target price from $18 per share to $19.5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 25, 2016.
Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, which consists of one way movements over irregular routes throughout the United States Mexico and Canada; Dedicated, through which, the Company devotes use of equipment to specific customers and offers tailored solutions under long-term contracts; Central Refrigerated, which represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers, and Intermodal segment, which includes revenue generated by moving freight over the rail in the Companys containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations.