Werner Enterprises (WERN) : During the past 4 weeks, traders have been relatively bearish on Werner Enterprises (WERN), hence the stock is down -5.5% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.47% relative to the S&P 500. The 4-week change in the price of the stock is -4.53% and the stock has fallen -5.42% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.06% and the 50-Day Moving Average is 2.42%. Werner Enterprises (NASDAQ:WERN): On Fridays trading session , Opening price of the stock was $23.58 with an intraday high of $23.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.26. However, the stock managed to close at $23.4, a loss of 0.76% for the day. On the previous day, the stock had closed at $23.58. The total traded volume of the day was 545,073 shares.
The company Insiders own 34.8% of Werner Enterprises shares according to the proxy statements. Institutional Investors own 60.79% of Werner Enterprises shares. Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Werner Enterprises (NASDAQ:WERN). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $23 per share from a prior target of $22. The rating by the firm was issued on July 25, 2016.
Werner Enterprises, Inc. is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company also provides logistics services through its Value Added Services (VAS) division. The Company operates through two segments: Truckload Transportation Services (Truckload) and VAS. Truckload segment comprises the One-Way Truckload and Specialized Services units. The Companys VAS segment is a non-asset-based transportation and logistics provider. The Company has a fleet of approximately 7,050 trucks, of which approximately 6,400 were company-operated and approximately 650 were owned and operated by independent contractors. Its VAS division operates approximately 55 intermodal drayage trucks.