Dernières nouvelles pour Knight-Swift (NYSE:KNX) Stock

Knight-Swift

Knight-Swift is the largest truckload carrier in the us, with a diversified transportation offering. Pro forma for the U.S. Xpress deal, about 82% of revenue derives from Knight's asset-based trucking business, with full truckload (for-hire dry van, refrigerated, and dedicated contract) making up 69% and less than truckload at 13%. Truck brokerage and other asset-light logistics services make up 9% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class I railroads for the underlying movement of its shipping containers and include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue reflects services offered to shippers and third-party truckers, including equipment maintenance and leasing.

Knight-Swift Transportation Holdings Inc.

Knight-Swift Transportation Holdings Inc

President-elect Donald Trump and Canadian Prime Minister Justin Trudeau&#8216;s meeting last week about planned tariffs on Canada was said to be productive, but it could put several Canadian sectors <a href="https://www.benzinga.com/general/market-summary/24/11/42212364/trumps-tariff-threat-to-canada-may-disrupt-oil-markets-inflate-prices-would-likely-raise-the-price-of-fuels-says-analyst">on high alert.</a>
What Happened: Trudeau flew to Mar-a-Lago to <a href="https://www.benzinga.com/media/24/11/42252924/canadian-pm-justin-trudeau-warns-trumps-25-tariff-plan-will-hurt-americans-at-high-stakes-dinner">meet with Trump</a>, and the two political leaders ate dinner and discussed several key topics before Trump's January inauguration.
The meeting took place after Trump promised to impose 25% tariffs on Canada when he was sworn into office.
Trudeau told Trump the tariffs would hurt Canada's economy, according to sources at the dinner table, <a href="https://www.foxnews.com/politics/trump-suggests-canada-become-51st-state-after-trudeau-said-tariff-would-kill-economy-sources">per </a>Fox News.
The tariffs are being placed on Canada and Mexico due to illegal immigrants and illegal drugs flowing from those countries to the United States.
Sources said Trump was direct regarding his conversation with Trudeau, telling the Canadian leader that his country has failed to protect the border. Trump also wants to eliminate the trade deficit with Canada, estimated to be around $100 billion, according to the sources.
"So your country can't survive unless it's ripping off the US to the tune of $100 billion?" Trump reportedly said to Trudeau about the trade deficit.
The report said that if Canada can't survive with the requirements of protecting the border and fixing the trade deficit, Trump suggested that the neighboring country could become the 51st state instead.
Trudeau and others at the table nervously laughed at the suggestion, with Trump reportedly adding that the title of prime minister is better than governor. As the meeting concluded, talks between Trump and Trudeau were said to have been "very positive."
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Why It's Important: The report said Trump told Trudeau he expected changes to be made ahead of his January inauguration, or the tariffs would be placed on Canada on his first day in office.
A tariff on Canada could impact several sectors, including some of the top exporters to the United States. Crude oil, petroleum gas, vehicles, car parts, machinery, turbines, plastics, pharmaceuticals, metals and agricultural products are among the top exported items from Canada to America, as <a href="https://www.washingtonpost.com/business/2024/11/26/what-us-imports-canada-mexico-china-trump-tariffs/">reported </a>by the Washington Post.
Large Canadian oil companies Suncor Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), Canadian Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) could face significant impacts from the tariffs and a potential blow to the sector.
Railway company Canadian Pacific Kansas City Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) and trucking companies Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) and Knight-Swift Transportation Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) could also be impacted by the tariffs and the negative impact on trade between the United States and Canada.
Canadian ETFs like the iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>), JPMorgan BetaBuilders Canada ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BBCA#BATS">BBCA</a>), Franklin FTSE Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLCA#NYSE">FLCA</a>) and Invesco CurrencyShares Canadian Dollar Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXC#NYSE">FXC</a>) could also be impacted by the potential trade war.
Canada is the second-largest trade partner with the United States, with $418 billion in goods imported from Canada in 2023 and $354 billion in goods exported to the country.
Goldman Sachs economists predict that Canada's gross domestic product<a href="https://www.benzinga.com/24/12/42291861/trumps-tariff-plan-risks-economic-pain-for-north-america-goldman-sachs-warns" target="_blank" rel="noopener"> could decline</a> by as much as 4% if Trump&#8217;s 25% tariff plan is enacted. The plan could also hurt the U.S. GDP, the analysis said.
"A large increase in tariffs on North American imports would entail significant economic costs, particularly for Canada and Mexico," Goldman Sachs economists said.
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Trump Told Trudeau Canada Could Dodge Tariffs As 51st State: Which Sectors Could Be Hit

President-elect Donald Trump&#8216;s move to impose 25% tariffs on Canada can thwart the growth of the stock markets and affect corporate profits, inflation, transportation and oil marketing companies.
What Happened: This comes as Goldman Sachs head of commodities research, Daan Struyven told <a href="https://www.bloomberg.com/news/articles/2024-11-27/goldman-sees-significant-hit-to-us-from-trump-s-canada-tariffs">Bloomberg </a>that &#8220;The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the U.S.&#8221;
&#8220;He said that tariffs could significantly affect U.S. consumers, U.S. refiners, and Canadian producers," on Wednesday. In order for American producers to export more of their own oil, the U.S. imports almost 4 million barrels of Canadian crude a day. Struyven added that this could be a &#8220;negotiating tool.&#8221;
"Given the focus from Trump to lower energy costs, we think Canada tariffs are somewhat unlikely,&#8221; he added
U.S. and Canada along with Mexico signed the United States–Mexico–Canada Agreement as an update to North American Free Trade Agreement, or NAFTA in 2020. It allowed for mostly duty-free trade between the three countries. Trump&#8217;s threat of tariffs would seem to violate the terms.
Also read: <a href="https://www.benzinga.com/general/market-summary/24/11/42206673/trumps-running-mate-vice-president-pick-and-venture-capitalist-jd-vance-holds-etfs-bitcoin-and-more-here-is-a-look-at-his-portfolio">JD Vance&#8217;s Investment Playbook Has Bitcoin And ETFs: Here&#8217;s What Else The VP-Elect Is Betting On</a>
Why It Matters: As higher Canadian tariffs could raise the domestic fuel prices in the U.S., it will impact the corporate profits of many companies and increase both, consumer and producer price inflation.
The input costs of transportation and oil marketing companies can increase, which may lower their profits and stock prices. Also, investors may want to short the stocks of these companies when oil prices are high.
A few of the many transportation companies that would get affected by this include, Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), CSX Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), Old Dominion Freight Line Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), TFI International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFII#NYSE">TFII</a>), Knight-Swift Transportation Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>), XPO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) and Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>).
Similarly, companies like Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), BP plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>), Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>), Enbridge Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) are a few oil marketing companies that my bear the direct brunt of this.
Read next: <a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them">Michael Saylor&#8217;s MicroStrategy Convertible Notes To Buy Bitcoin Offer No Interest, So Why Are Investors Rushing To Buy Them?</a>
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Trump's Tariff Threat To Canada May Disrupt Oil Markets, Inflate Prices: 'Would Likely Raise The Price Of Fuels,' Says Analyst

Barclays analyst Brandon Oglenski maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Overweight and raises the price target from $62 to $68.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Knight-Swift, Raises Price Target to $68

Citigroup analyst Ariel Rosa downgrades Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) from Neutral to Sell and maintains the price target from $56 to $56.

Downgrades

Citigroup Downgrades Knight-Swift to Sell, Maintains Price Target to $56

Stifel analyst J. Bruce Chan maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Hold and raises the price target from $47 to $48.

Stifel Maintains Hold on Knight-Swift, Raises Price Target to $48

B of A Securities analyst Ken Hoexter maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Buy and raises the price target from $57 to $58.

B of A Securities Maintains Buy on Knight-Swift, Raises Price Target to $58

Morgan Stanley analyst Ravi Shanker maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Overweight and lowers the price target from $72 to $70.

Morgan Stanley Maintains Overweight on Knight-Swift, Lowers Price Target to $70

TD Cowen analyst Jason Seidl maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Buy and raises the price target from $55 to $56.

TD Cowen Maintains Buy on Knight-Swift, Raises Price Target to $56

Evercore ISI Group analyst Jonathan Chappell maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a In-Line and raises the price target from $49 to $52.

Evercore ISI Group Maintains In-Line on Knight-Swift, Raises Price Target to $52

<a href="https://s24.q4cdn.com/286931391/files/doc_earnings/2024/q3/earnings-result/Third-Quarter-2024-Earnings-10-23-2024.pdf" title="https://s24.q4cdn.com/286931391/files/doc_earnings/2024/q3/earnings-result/Third-Quarter-2024-Earnings-10-23-2024.pdf">https://s24.q4cdn.com/286931391/files/doc_earnings/2024/q3/earnings-result/Third-Quarter-2024-Earnings-10-23-2024.pdf</a>

Guidance

Knight-Swift Transportation Expects Q4 Adjusted EPS Will Range From $0.32-$0.36 Vs $0.34 Est.; Adjusted EPS For Q1 2025 Will Range From $0.29-$0.33

Knight-Swift (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knx#NYSE">KNX</a>) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.32 by 6.25 percent. The company reported quarterly sales of $1.876 billion which missed the analyst consensus estimate of $1.909 billion by 1.71 percent. This is a 7.13 percent decrease over sales of $2.020 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Knight-Swift Q3 2024 Adj. EPS $0.34 Beats $0.32 Estimate, Sales $1.876B Miss $1.909B Estimate

Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Knight-Swift to report an earnings per share (EPS) of $0.33.
Anticipation surrounds Knight-Swift's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.04, leading to a 6.27% increase in the share price on the subsequent day.
Here's a look at Knight-Swift's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.28</td>
<td>0.20</td>
<td>0.44</td>
<td>0.36</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.12</td>
<td>0.09</td>
<td>0.41</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.0%</td>
<td>-3.0%</td>
<td>2.0%</td>
<td>12.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729616472_0.png" alt="eps graph" />
<h3>Market Performance of Knight-Swift's Stock</h3>
Shares of Knight-Swift were trading at $52.26 as of October 21. Over the last 52-week period, shares are up 5.44%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/KNX/earnings">To track all earnings releases for Knight-Swift visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Knight-Swift

Market-Moving Exclusives

Exclusives

ZONE

EXCLUSIVE: CleanCore Solutions Tells Benzinga 'Initial Implementation of CleanCore Products Expected to Drive Sustainability Across Key Knight-Swift Facilities'

EXCLUSIVE: CleanCore Solutions Tells Benzinga 'Leasing and Service Agreement Expected to Provide Long-Term Recurring Revenue Stream to CleanCore'

On Thursday, CleanCore Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZONE#NYSE">ZONE</a>) announced it has begun rolling out its eco-friendly cleaning products at Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) facilities.
As one of North America&#8217;s largest trucking companies, Knight-Swift is adopting CleanCore&#8217;s aqueous ozone technology across its operations in the U.S., Mexico, and Canada to enhance sustainability.
Knight-Swift plans to implement CleanCore solutions, including Fill Stations and Power Caddies, to ensure efficient, eco-friendly cleaning at its headquarters and other facilities.
This switch reduces Knight-Swift&#8217;s carbon footprint and cuts costs, supporting its green initiatives while creating a safer environment for employees and drivers. CleanCore&#8217;s systems help Knight-Swift achieve its operational and sustainability goals.
Dave Riggio, Director of Facilities at Knight-Swift Transportation, shared that the company has been using CleanCore&#8217;s technology at its largest truck terminal, shop, and corporate office. &#8220;These areas look and smell clean, just as if we were using traditional chemicals,&#8221; he said.
Riggio added that the company is eager to expand CleanCore&#8217;s solutions across more locations, citing the benefits of sustainability and cost savings.
Clayton Adams, CEO of CleanCore Solutions, commented, &#8220;By eliminating the need for harmful chemicals and streamlining sanitation with our innovative technology, we&#8217;re able to help Knight-Swift enhance operational efficiency and create a healthier environment for both employees and drivers. This partnership is expected to drive significant long-term monthly recurring revenue for CleanCore and is a testament to the scalability and effectiveness of our solutions.&#8221;
Price Action: ZONE shares closed 5.84% lower to $1.29, and KNX closed 3.67% higher to $53.41 on Wednesday.
Photo via Company

EXCLUSIVE: CleanCore's Eco-Friendly Products Roll Out At Knight-Swift Terminals, Aiming For Long-Term Recurring Revenue

EXCLUSIVE: CleanCore Solutions Tells Benzinga Co. Announces Initial Purchase Agreement With Knight-Swift Transportation

Raymond James analyst Patrick Tyler Brown maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Strong Buy and raises the price target from $57 to $58.

Raymond James Maintains Strong Buy on Knight-Swift, Raises Price Target to $58

Goldman Sachs analyst Jordan Alliger maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Neutral and lowers the price target from $48 to $44.

Goldman Sachs Maintains Neutral on Knight-Swift, Lowers Price Target to $44

Citigroup analyst Ariel Rosa initiates coverage on Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Neutral rating and announces Price Target of $55.

Initiation

Citigroup Initiates Coverage On Knight-Swift with Neutral Rating, Announces Price Target of $55

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LASE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$7.50</td>
<td>$35.2K</td>
<td>13</td>
<td style="text-align: right;">840</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$51.00</td>
<td>$25.4K</td>
<td>1.4K</td>
<td style="text-align: right;">457</td>
</tr>
<tr>
<td>KNX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$57.50</td>
<td>$29.2K</td>
<td>441</td>
<td style="text-align: right;">195</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$410.00</td>
<td>$57.4K</td>
<td>263</td>
<td style="text-align: right;">190</td>
</tr>
<tr>
<td>EH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$20.00</td>
<td>$47.7K</td>
<td>437</td>
<td style="text-align: right;">123</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$120.00</td>
<td>$84.7K</td>
<td>1.1K</td>
<td style="text-align: right;">111</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$390.00</td>
<td>$43.4K</td>
<td>1.9K</td>
<td style="text-align: right;">110</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$63.00</td>
<td>$31.0K</td>
<td>4</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$270.00</td>
<td>$37.9K</td>
<td>1.4K</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$420.00</td>
<td>$25.3K</td>
<td>160</td>
<td style="text-align: right;">56</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding LASE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>), we observe a call option sweep with bullish sentiment. It expires in 38 day(s) on November 15, 2024. Parties traded 235 contract(s) at a $7.50 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $150.0 per contract. There were 13 open contracts at this strike prior to today, and today 840 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on October 11, 2024. This event was a transfer of 156 contract(s) at a $51.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $163.0 per contract. There were 1464 open contracts at this strike prior to today, and today 457 contract(s) were bought and sold. 
• For KNX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>), we notice a call option sweep that happens to be bullish, expiring in 101 day(s) on January 17, 2025. This event was a transfer of 195 contract(s) at a $57.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $150.0 per contract. There were 441 open contracts at this strike prior to today, and today 195 contract(s) were bought and sold. 
• For DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we notice a put option trade that happens to be bullish, expiring in 73 day(s) on December 20, 2024. This event was a transfer of 27 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $57.4K, with a price of $2127.0 per contract. There were 263 open contracts at this strike prior to today, and today 190 contract(s) were bought and sold. 
• For EH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>), we notice a call option sweep that happens to be bearish, expiring in 191 day(s) on April 17, 2025. This event was a transfer of 111 contract(s) at a $20.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $47.7K, with a price of $430.0 per contract. There were 437 open contracts at this strike prior to today, and today 123 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option trade that happens to be bearish, expiring in 801 day(s) on December 18, 2026. This event was a transfer of 110 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $84.7K, with a price of $770.0 per contract. There were 1168 open contracts at this strike prior to today, and today 111 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a call option sweep that happens to be bullish, expiring in 38 day(s) on November 15, 2024. This event was a transfer of 28 contract(s) at a $390.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $1550.0 per contract. There were 1926 open contracts at this strike prior to today, and today 110 contract(s) were bought and sold. 
• For UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we notice a call option sweep that happens to be bullish, expiring in 45 day(s) on November 22, 2024. This event was a transfer of 100 contract(s) at a $63.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $310.0 per contract. There were 4 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For FDX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), we notice a call option sweep that happens to be bearish, expiring in 101 day(s) on January 17, 2025. This event was a transfer of 30 contract(s) at a $270.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $37.9K, with a price of $1265.0 per contract. There were 1482 open contracts at this strike prior to today, and today 66 contract(s) were bought and sold. 
• Regarding AXON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>), we observe a call option trade with bullish sentiment. It expires in 10 day(s) on October 18, 2024. Parties traded 20 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $25.3K, with a price of $1269.0 per contract. There were 160 open contracts at this strike prior to today, and today 56 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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ALGT

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Press Releases

Knight-Swift Transportation Holdings Inc. Announces Timing of Second Quarter 2024 Earnings Release and Related Conference Call

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Knight-Swift Transportation Acquires Regional LTL Carrier Dependable Highway Express

Knight-Swift Transportation Holdings Inc. Announces Quarterly Cash Dividend

Knight-Swift Transportation Holdings Inc. Announces Participation in Upcoming Conference

Knight-Swift Transportation Holdings Inc. Announces Timing of Third Quarter 2024 Earnings Release and Related Conference Call

Knight-Swift Transportation Holdings Inc. Announces Participation in Upcoming Conferences

CleanCore Solutions, Inc. (ZONE) Announces Initial Purchase Agreement with Knight-Swift Transportation (NYSE: KNX), One of North America's Largest Freight Transportation Companies

Knight-Swift Transportation Holdings Inc. Announces Results for Third Quarter 2024

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