Knight-Swift Transportation Holdings Inc. (NYSE:KNX) traded at a new 52-week high today of $51.17. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.
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. (NYSE:KNX) is currently priced 22.3% above its average consensus analyst price target of $39.44.
In the past 52 weeks, shares of Knight-Swift Transportation Holdings Inc. have traded between a low of $37.07 and a high of $51.17 and is now at $50.78, which is 37% above that low price.
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