C.H. Robinson Worldwide (CHRW) has been under a strong bear grip, hence the stock is down -4.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.61% in the past 1 week. The stock has risen by 0.66% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.14% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.5% and the 50-Day Moving Average is 3.02%. C.H. Robinson Worldwide (NASDAQ:CHRW): stock turned positive on Friday. Though the stock opened at $68.99, the bulls momentum made the stock top out at $69.85 level for the day. The stock recorded a low of $68.8175 and closed the trading day at $69.68, in the green by 0.94%. The total traded volume for the day was 948,409. The stock had closed at $69.03 in the previous days trading.
The company Insiders own 0.69% of C.H. Robinson Worldwide shares according to the proxy statements. Institutional Investors own 80.86% of C.H. Robinson Worldwide shares. During last six month period, the net percent change held by insiders has seen a change of -12.16%. Also, In the latest statement by the brokerage house, Morgan Stanley maintains its outlook on C.H. Robinson Worldwide (NASDAQ:CHRW). The current rating of the shares is Underweight, according to the research report released by the firm. The brokerage firm lowers the price target from $65 per share to $64 per share. The rating by the firm was issued on August 1, 2016.
C.H. Robinson Worldwide, Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. The Company operates through a network of 281 offices in North America, Europe, Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying, selling and marketing of fresh fruits, vegetables, and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants, produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services, such as replenishment, category management and merchandising.