Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) traded today at $59.35, eclipsing its 52-week high. This new high was reached on below average trading volume as 539,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.
Based on a current price of $58.75, Knight-Swift Transportation Holdings Inc. is currently 37.8% above its average consensus analyst price target of $36.57.
Over the past year, Knight-Swift Transportation Holdings Inc. has traded in a range of $37.18 to $59.35 and is now at $58.75, 58% above that low.
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.
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