C.H. Robinson Worldwide (NASDAQ:CHRW) has risen sharply, recording gains of 1.97% in the past 4 weeks. However, the stock has corrected -1.01% 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 0.35% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 14.81% from its 1 Year high price. On Apr 26, 2016, the shares registered one year high at $76.10 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $73.53 and the 200 Day Moving Average price is recorded at $70.65.
The stock has recorded a 20-day Moving Average of 1.88% and the 50-Day Moving Average is 2.17%.
C.H. Robinson Worldwide (NASDAQ:CHRW): stock turned positive on Friday. Though the stock opened at $73.76, the bulls momentum made the stock top out at $74.62 level for the day. The stock recorded a low of $73.53 and closed the trading day at $74.43, in the green by 1.46%. The total traded volume for the day was 2,164,363. The stock had closed at $73.36 in the previous days trading.
In an insider trading activity, The officer (VP, Human Resources), of C H Robinson Worldwide Inc, Freeman Angela K. had unloaded 2,200 shares at $73.15 per share in a transaction on May 9, 2016. The total value of transaction was $160,930. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.