ArcBest ( (ARCB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ArcBest shares came under pressure even as Wall Street analysts reacted positively to the company’s latest results and outlook. Analysts cited stronger asset-based shipping volumes, improving profit margins and better-than-expected first-quarter guidance as reasons to update their models. Several firms raised their price targets on the stock, though the overall stance remains cautious, with ratings largely neutral or equal weight and only a few brokers recommending ArcBest as a buy.
More about ArcBest
YTD Price Performance: 21.61%
Average Trading Volume: 378,303
Technical Sentiment Signal: Buy
Current Market Cap: $2.03B
For further insights into ARCB stock on TipRanks’ Stock Analysis page.
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