Knight Transportation (KNX) : Traders are bullish on Knight Transportation (KNX) as it has outperformed the S&P 500 by a wide margin of 2.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.88%, 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 3.05% in the last 1 week, and is up 1.52% 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 0.43% and the 50-Day Moving Average is 0.24%.The 200 Day SMA reached 9.52%
Knight Transportation (NYSE:KNX): The stock opened in the green at $28.97 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $29.04 and a low of $28.59 for the day. The stock did not find buyers even at the lows and closed at $28.69 recording a loss of -0.38%. 880,480 shares exchanged hands during the trading day. The stock had closed at $28.69 in the previous days trading.
Knight Transportation (KNX) : Currently there are 12 street experts covering Knight Transportation (KNX) stock. The most bullish and bearish price target for the stock is $30 and $21 respectively for the short term. The average price target of all the analysts comes to $27.54. The estimated standard deviation from the target is $2.55.
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.