C.H. Robinson Worldwide (CHRW) : Traders are bullish on C.H. Robinson Worldwide (CHRW) as it has outperformed the S&P 500 by a wide margin of 3.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.69% in the last 1 week, and is up 3.03% 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 3.34% and the 50-Day Moving Average is 1.27%.The 200 Day SMA reached 3.41%. CH Robinson Worldwide Inc. has dropped 1.99% during the last 3-month period . Year-to-Date the stock performance stands at 17.09%.
C.H. Robinson Worldwide (NASDAQ:CHRW): After opening at $71.36, the stock dipped to an intraday low of $70.85 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $71.97 and the buying power remained strong till the end. The stock closed at $71.32 for the day, a gain of 0.39% for the day session. The total traded volume was 1,324,269. The stocks close on the previous trading day was $71.04.
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.