Large Inflow of Money Detected in Knight Transportation

Knight Transportation (KNX) : Mondays money flow data in Knight Transportation (KNX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $4.35 million, whereas, $2.18 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.99, in favor of the bulls. The total money flow into the stock was $2.16 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $1.69 million. The total value of block trades done on upticks was $1.69 million. Knight Transportation (KNX) fell $0.14 and traded at $27.94, down -0.5% for the day, over previous days close. On a weekly basis, the shares are -5.45% over the previous weeks close.


Knight Transportation Inc. has lost 4.46% in the last five trading days and dropped 1.59% in the last 4 weeks. Knight Transportation Inc. is up 12.74% in the last 3-month period. Year-to-Date the stock performance stands at 15.48%.

Knight Transportation (NYSE:KNX): The stock opened at $28.15 on Monday but the bulls could not build on the opening and the stock topped out at $28.42 for the day. The stock traded down to $27.83 during the day, due to lack of any buying support eventually closed down at $27.85 with a loss of -0.82% for the day. The stock had closed at $28.08 on the previous day. The total traded volume was 927,644 shares.

In a related news, The Securities and Exchange Commission has divulged that Yu Wayne, officer (VP of Accounting & Finance) of Knight Transportation Inc, had unloaded 3,200 shares at an average price of $29.59 in a transaction dated on August 5, 2016. The total value of the transaction was worth $94,688.

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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