Previous close | 93.00 |
Open | 82.00 |
Bid | 93.50 x N/A |
Ask | 95.00 x N/A |
Day's range | 93.50 - 93.50 |
52-week range | 61.50 - 93.50 |
Volume | |
Avg. volume | 0 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 27 Apr 2023 - 01 May 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
A Canadian transportation and logistics specialist disclosed an investment in U.S. trucking company ArcBest (NASDAQ: ARCB), and some investors are betting it is a precursor to a buyout. Shares of ArcBest jumped as much as 20% on Tuesday morning after the stake was disclosed. ArcBest specializes in truckload and less-than-truckload freight transport, logistics, and brokerage operations, with a focus on the central United States.
Escalating operating expenses are hurting the Zacks Transportation-Truck industry's prospects. However, stocks like ODFL, JBHT and ARCB appear better positioned to escape the industry challenges.
ArcBest (ARCB) delivered earnings and revenue surprises of -7.20% and 1.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?