Knight Transportation Inc (KNX): G D Madden , director of Knight Transportation Inc sold 1,000 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $26.67 per share for a total value of $26,673.10 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Gary J Knight (Vice Chairman) sold 15,000 shares at $27.00 per share price.On Mar 15, 2016, Kathryn L Munro (director) sold 1,000 shares at $25.86 per share price.Also, On Mar 10, 2016, Richard J Lehmann (director) sold 768 shares at $25.64 per share price.On Mar 8, 2016, David A Jackson (President and CEO) sold 4,102 shares at $26.10 per share price.
Knight Transportation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Knight Transportation which led to swings in the share price. The shares opened for trading at $26.51 and hit $27.515 on the upside , eventually ending the session at $27.4, with a gain of 3.59% or 0.95 points. The heightened volatility saw the trading volume jump to 12,49,283 shares. The 52-week high of the share price is $30.79 and the company has a market cap of $2,198 M . The 52-week low of the share price is at $20.56.
Company has been under the radar of several Street Analysts.Knight Transportation is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $26 .The Rating was issued on Apr 21, 2016.Knight Transportation is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 21, 2016.Knight Transportation is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Apr 21, 2016.Knight Transportation is Downgraded by Barclays to Equal Weight and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Apr 7, 2016.Knight Transportation is Downgraded by Cowen to Market Perform and the brokerage firm has set the Price Target at $26. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 21, 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 4173 tractors.