Knight Transportation (KNX) has been under a strong bear grip, hence the stock is down -2.48% 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 2.85% in the past 1 week. The stock has risen by 2.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.1% in the past 4 weeks.
Knight Transportation Inc. is up 12.55% in the last 3-month period. Year-to-Date the stock performance stands at 19.71%. The stock has recorded a 20-day Moving Average of 0.33% and the 50-Day Moving Average is 4.18%.
Knight Transportation (NYSE:KNX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.14 and $28.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.87, notching a gain of 2.30% for the day. The total traded volume was 938,856 . The stock had closed at $28.22 on the previous day.
Also, Deutsche Bank maintains its view on Knight Transportation (NYSE:KNX) according to the research report released by the firm to its investors. Deutsche Bank raises the price target from $27 per share to $29 per share on Knight Transportation . 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.