Knight Transportation ( (KNX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Knight Transportation’s stock is experiencing downward pressure due to ongoing tariffs and trade policy uncertainties, coupled with low spot truckload rates. These factors have led multiple analysts to lower their price targets for the company. Despite this, some firms have upgraded the stock to a Buy, indicating mixed market sentiment. Additionally, insider sentiment is negative, as evidenced by a significant increase in stock sales by insiders.
More about Knight Transportation
YTD Price Performance: -18.37%
Average Trading Volume: 2,869,187
Technical Sentiment Signal: Sell
Current Market Cap: $7.02B
For further insights into KNX stock on TipRanks’ Stock Analysis page.
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