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 has been on a rollercoaster ride, primarily due to mixed analyst ratings. While some analysts upgraded the stock to ‘Buy’ because of optimism in the industrial sector, others lowered their price targets due to insider selling and negative corporate sentiment. The stock has fluctuated between a high of $61.51 and a low of $36.69 over the past year, with current challenges such as increased insider selling affecting market sentiment. However, analysts from Benchmark Co. and Raymond James remain optimistic, pointing to potential growth opportunities in the sector.
More about Knight Transportation
YTD Price Performance: -15.68%
Average Trading Volume: 3,140,661
Technical Sentiment Signal: Sell
Current Market Cap: $7.17B
For further insights into KNX stock on TipRanks’ Stock Analysis page.
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