Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) traded at a new 52-week high today of $62.29. So far today approximately 266,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
Knight-Swift Transportation Holdings Inc. (NYSE:KNX) defies analysts with a current price ($61.45) 36.6% above its average consensus price target of $38.96.
Knight-Swift Transportation is by far the largest asset-based full-truckload carrier in the United States. About 80% of revenue derives from asset-based truckload shipping operations (including for-hire dry van, refrigerated, and dedicated contract). The remainder stems from truck brokerage and other asset-light logistics services (8%), as well as intermodal (8%), which uses the Class-I railroads for the underlying movement of the firm’s shipping containers and also offers drayage services.
Knight-Swift Transportation Holdings Inc. share prices have moved between a 52-week high of $62.29 and a 52-week low of $39.17 and are now trading 57% above that low price at $61.45 per share.
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