Large Outflow of Money Witnessed in Knight Transportation

Knight Transportation (KNX) : The total money flow in Knight Transportation (KNX) was negative ($0.91 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $1.92 million. Transactions on upticks were comparatively lower at $1.01 million. The uptick to downtick ratio was 0.53. The total block trades on downticks were valued at $0.44 million. The money flow during block trades was negative ($0.44 million) when the stock traded with a gain of $6 cent. Knight Transportation (KNX) was $28.4, an increase of 0.21% over the previous days close.


Shares of Knight Transportation Inc. rose by 0.07% in the last five trading days and 1.16% for the last 4 weeks. Knight Transportation Inc. is up 11.32% in the last 3-month period. Year-to-Date the stock performance stands at 19.55%.

Knight Transportation (KNX) : 14 analysts are covering Knight Transportation (KNX) and their average rating on the stock is 3.04, which is read as a Hold. Knight Transportation (KNX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Knight Transportation (NYSE:KNX): The stock opened at $28.34 and touched an intraday high of $28.86 on Wednesday. During the day, the stock corrected to an intraday low of $28.26, however, the bulls stepped in and pushed the price higher to close in the green at $28.77 with a gain of 1.52% for the day. The total traded volume for the day was 798,538. The stock had closed at $28.34 in the previous trading session.

Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates in two segments: Trucking and Logistics. Trucking segment is comprised of three operating units: dry van truckload (Dry Van); temperature-controlled truckload (Refrigerated), and drayage services (Drayage). Trucking segment provides truckload transportation, including dedicated services of various products, goods and materials. Logistics segment consists of two operating units: freight brokerage services (Brokerage) and rail intermodal (Intermodal). The Brokerage and Intermodal operating units of Logistics segment provide a multitude of shipment solutions, including additional sources of truckload capacity and alternative transportation modes. As of 2014, Trucking segment operated an average of 4,173 tractors.

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