Knight Transportation (NYSE:KNX) : Traders are bullish on Knight Transportation (NYSE:KNX) as it has outperformed the S&P 500 by a wide margin of 2.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.33%, 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 2.63% in the last 1 week, and is up 4.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -4.32% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $29.00 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $26.34 and the 200 Day Moving Average price is recorded at $25.40.
The stock has recorded a 20-day Moving Average of 4.77% and the 50-Day Moving Average is 5.58%.
Knight Transportation (NYSE:KNX): stock turned positive on Friday. Though the stock opened at $27.36, the bulls momentum made the stock top out at $27.82 level for the day. The stock recorded a low of $27.22 and closed the trading day at $27.7, in the green by 2.21%. The total traded volume for the day was 715,682. The stock had closed at $27.1 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Knight Transportation Inc, Madden G D had sold 1,000 shares worth of $26,670 in a transaction dated May 11, 2016. In this transaction, 1,000 shares were sold at $26.67 per share.
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.