Keybanc lifted Reliance Steel & Aluminum Co. (NYSE: RS) price target from $165 to $175. Reliance Steel shares rose 1.4% to $166.24 in pre-market trading.
UBS analyst Thomas Wadewitz upgraded Knight-Swift Transportation Holdings Inc (NYSE:KNX) to Buy from Neutral and upgraded the price target to $65 (an upside of…
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Knight-Swift Transportation posted a big third-quarter result Wednesday before the market opened, beating analysts' forecasts handily and raising its full-year 2021 guidance.
The stock was up 5.8% by midday on the news compared to the S&P 500, which was up 0.4%.