November 24, 2016 - By Richard Conner · 0 Comments
The stock of Arcbest Corporation (NASDAQ:ARCB) registered a decrease of 7.33% in short interest. ARCB’s total short interest was 564,100 shares in November as published by FINRA. Its down 7.33% from 608,700 shares, reported previously. With 147,700 shares average volume, it will take short sellers 4 days to cover their ARCB’s short positions. The short interest to Arcbest Corporation’s float is 2.37%. The stock increased 3.94% or $1.15 on November 23, hitting $30.35. About 312,745 shares traded hands or 18.84% up from the average. ArcBest Corp (NASDAQ:ARCB) has risen 39.80% since April 22, 2016 and is uptrending. It has outperformed by 34.39% the S&P500.
ArcBest Corporation is a holding company of businesses providing freight transportation services and logistics solutions. The company has a market cap of $793.96 million. The Firm operates through five divisions: Freight Transportation segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving). It has a 36.41 P/E ratio. ABF Freight provides interstate and intrastate direct service to over 48,000 communities through over 250 service centers in over 50 states of the United States, Canada and Puerto Rico.
Out of 7 analysts covering Arcbest Corporation (NASDAQ:ARCB), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Arcbest Corporation has been the topic of 20 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Monday, May 2 by Stifel Nicolaus. The firm has “Neutral” rating given on Friday, September 11 by Bank of America. The rating was upgraded by Stifel Nicolaus to “Buy” on Thursday, February 4. Stephens downgraded it to “Equal-Weight” rating and $23 target price in Thursday, January 7 report. As per Tuesday, November 3, the company rating was maintained by Deutsche Bank. The stock of ArcBest Corp (NASDAQ:ARCB) has “Hold” rating given on Wednesday, August 5 by Deutsche Bank. The stock of ArcBest Corp (NASDAQ:ARCB) earned “Outperform” rating by Cowen & Co on Friday, November 4. The rating was maintained by Citigroup with “Neutral” on Thursday, February 4. The stock has “Underperform” rating given by Bank of America on Monday, February 22. The firm earned “Underperform” rating on Wednesday, December 2 by Bank of America.
ArcBest Corporation, incorporated on August 23, 1988, is a holding firm of businesses providing freight transportation services and logistics solutions. The Firm operates through five divisions: Freight Transportation (ABF Freight) segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving). The Company’s principal activities are conducted through ABF Freight segment, which consists of ABF Freight System, Inc. and certain other subsidiaries, including ABF Freight System (B.C.), Ltd., ABF Freight System Canada, Ltd., ABF Cartage, Inc. and Land-Marine Cargo, Inc.
More notable recent ArcBest Corp (NASDAQ:ARCB) news were published by: Prnewswire.com which released: “ArcBest Corporation® Board Director to Retire, Two New Members Added” on October 31, 2016, also Marketwatch.com with their article: “ArcBest started at hold with $21 stock price target at Deutsche Bank” published on May 02, 2014, Prnewswire.com published: “ArcBest Corporation® to Implement New Corporate Structure to Better Serve …” on November 03, 2016. More interesting news about ArcBest Corp (NASDAQ:ARCB) were released by: Prnewswire.com and their article: “ArcBest Corporation to Appear at the Stephens 2016 Fall Investment Conference” published on April 04, 2016 as well as Prnewswire.com‘s news article titled: “ArcBest Corporation® Announces Fourth Quarter 2015 And Full Year 2015 Results” with publication date: February 03, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Richard Conner