Knight Transportation (KNX) : During the past 4 weeks, traders have been relatively bearish on Knight Transportation (KNX), hence the stock is down -1.79% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.03% relative to the S&P 500. The 4-week change in the price of the stock is -0.78% and the stock has fallen -4.97% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.46% and the 50-Day Moving Average is 1.87%. Knight Transportation (NYSE:KNX): On Fridays trading session , Opening price of the stock was $28.44 with an intraday high of $28.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.99. However, the stock managed to close at $28.08, a loss of 1.44% for the day. On the previous day, the stock had closed at $28.49. The total traded volume of the day was 1,358,395 shares.
The company Insiders own 11.6% of Knight Transportation shares according to the proxy statements. Institutional Investors own 92.58% of Knight Transportation shares. Also, Brokerage firm Deutsche Bank maintains its rating on Knight Transportation (NYSE:KNX). As per the latest information, the brokerage house raises the price target to $29 per share from a prior target of $27. The rating by the firm was issued on July 29, 2016.
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.