Arkansas Best Corporation (ABFS) was a big mover last session as its shares surged over 15% on the day. The surge came on solid volume too with far more shares changing hands than in a normal session. This gain is in conformity with the recent uptrend for the stock which is now up nearly 34% in the past one-month time frame.
While the company did not see any negative revision over the last 30 days, its Zacks Consensus Estimate moved lower over the same time frame, indicatingtrouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally lasts.
Arkansas currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-performing transportation stocks include Alaska Air Group, Inc. (ALK), Baltic Trading Ltd (BALT) and AMR Corp. (AAMRQ). While Alaska Air Group carries a Zacks Rank #1 (Strong Buy), Baltic Trading and AMR Corporation hold a Zacks Rank #2 (Buy).
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