19-Apr-2024
Trucking stocks hit the brakes as earnings worries mount
Seeking Alpha News (Wed, 17-Apr 11:02 AM ET)
ArcBest Announces Its First Quarter 2024 Earnings Conference Call
Business Wire (Fri, 5-Apr 2:44 PM ET)
ArcBest Helps Bridge the Gap Between Robotics and Logistics Using NVIDIA Technology
Business Wire (Mon, 18-Mar 6:00 PM ET)
ArcBest Launches Vaux Smart Autonomy to Unlock Supply Chain Efficiencies
Business Wire (Tue, 13-Feb 7:00 AM ET)
ArcBest Announces Fourth Quarter and Full Year 2023 Results
Business Wire (Tue, 6-Feb 6:00 AM ET)
ArcBest Declares a $0.12/Share Quarterly Dividend
Business Wire (Fri, 2-Feb 2:49 PM ET)
ArcBest Corp is engaged in logistics operations. The company operates in two operating segments, The Asset-Based segment includes the results of operations of ABF Freight System, Inc. and certain other subsidiaries. The segment operations include national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed LTL services. The services including freight transportation related to managed transportation solutions and other services. The Asset-Light segment includes the results of operations of the Company's service offerings in truckload, ground expedite, dedicated, intermodal, household goods moving, managed transportation, warehousing and distribution, and international freight transportation for air, ocean, and ground.
Arcbest trades on the NASDAQ stock market under the symbol ARCB.
As of April 19, 2024, ARCB stock price climbed to $138.03 with 291,290 million shares trading.
ARCB has a beta of 1.83, meaning it tends to be more sensitive to market movements. ARCB has a correlation of 0.26 to the broad based SPY ETF.
ARCB has a market cap of $3.25 billion. This is considered a Mid Cap stock.
Last quarter Arcbest reported $1 billion in Revenue and $2.47 earnings per share. This met revenue expectation and exceeded earnings estimates by $.26.
In the last 3 years, ARCB stock traded as high as $153.61 and as low as $52.86.
The top ETF exchange traded funds that ARCB belongs to (by Net Assets): IJR, VTI, VB, IWM, AVUV.
ARCB has outperformed the market in the last year with a return of +45.8%, while the SPY ETF gained +21.2%. In the last 3 month period, ARCB beat the market returning +16.7%, while SPY returned +3.0%. However, in the most recent 2 weeks ARCB has underperformed the stock market by returning -7.9%, while SPY returned -4.5%.
ARCB support price is $132.56 and resistance is $139.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARCB stock will trade within this expected range on the day.