Large Outflow of Money Witnessed in Knight Transportation

Knight Transportation (NYSE:KNX) traded on a positive note gaining 0.16 points or 0.6% to be valued at $26.71 per share. Intraday, the shares aggregated $3.45 million in upticks but saw an exodus of $6.45 million in downticks. The net money flow was calculated to be $(-3) million with the final up/down ratio coming in at 0.53. The share price has seen a change of 1.99% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $2.9 million in downticks. The net money flow for the block exchange was disappointing at $(-2.9) Million.


Currently the company Insiders own 11.6% of Knight Transportation shares according to the proxy statements. Institutional Investors own 91.33% of Knight Transportation shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Madden G D, director of Knight Transportation Inc, had unloaded 1,000 shares at an average price of $26.67 in a transaction dated on May 11, 2016. The total value of the transaction was worth $26,670.

Knight Transportation (NYSE:KNX) : On Monday heightened volatility was witnessed in Knight Transportation (NYSE:KNX) which led to swings in the share price. The stock opened for trading at $26.39 and hit $26.95 on the upside , eventually ending the session at $26.71, with a gain of 0.6% or 0.16 points. The heightened volatility saw the trading volume jump to 969,607 shares. The 52-week high of the share price is $29 and the company has a market cap of $2,142 million. The 52-week low of the share price is at $20.56 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Barclays downgrades its ratings on Knight Transportation (NYSE:KNX). In the latest research report, Barclays maintains the target price to $24 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on April 7, 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.

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