Saia ( (SAIA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Saia’s latest rally comes as investors digest expectations that its first-quarter less-than-truckload results will slightly beat Wall Street forecasts, even though overall freight volumes are still growing slowly and vary by carrier. Reflecting this cautiously upbeat view, Stifel lifted its price target on the stock to $381 while reiterating a Hold rating for now.
More about Saia
YTD Price Performance: 21.83%
Average Trading Volume: 567,473
Technical Sentiment Signal: Strong Buy
Current Market Cap: $10.61B
For further insights into SAIA stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.