Swift Transportation Company (SWFT) has been under a strong bear grip, hence the stock is down -1.23% 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 2.42% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.95% in the last 1 week, and is up 3.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.64% and the 50-Day Moving Average is 9.21%.
Swift Transportation Company (NYSE:SWFT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.14 and $17.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.35, notching a gain of 1.64% for the day. The total traded volume was 3,452,706 . The stock had closed at $17.07 on the previous day.
The company Insiders own 44.9% of Swift Transportation Company shares according to the proxy statements. Institutional Investors own 72.66% of Swift Transportation Company shares. During last six month period, the net percent change held by insiders has seen a change of -5.09%. In a related news, Runnels Kenneth C, officer (Executive VP Fleet Operations) of Swift Transportation Co, unloaded 1,435 shares at an average price of $17.94 on February 26, 2016. The total amount of the transaction was worth $25,744, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, which consists of one way movements over irregular routes throughout the United States Mexico and Canada; Dedicated, through which, the Company devotes use of equipment to specific customers and offers tailored solutions under long-term contracts; Central Refrigerated, which represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers, and Intermodal segment, which includes revenue generated by moving freight over the rail in the Companys containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations.