ARCB Stock Summary and Trading Ideas (Arcbest | NASDAQ:ARCB)

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 17, 2024, ARCB stock price declined to $140.00 with 473,151 million shares trading.

ARCB has a beta of 1.77, meaning it tends to be more sensitive to market movements. ARCB has a correlation of 0.23 to the broad based SPY ETF.

ARCB has a market cap of $3.29 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, IWM, VB, AVUV.

ARCB has outperformed the market in the last year with a price return of +49.6% while the SPY ETF gained +23.0%. ARCB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.7% and -0.1%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

ARCB support price is $145.52 and resistance is $152.98 (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.