Covenant Transportation Group (CVTI) Jumps: Stock Up 9.7% – Tale of the Tape

Zacks

Covenant Transportation Group, Inc. (CVTI) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $16.46 to $18.9 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Covenant Transportation sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

Investors interested in the trucking industry may also consider stocks like Knight Transportation Inc. (KNX), Landstar System Inc. (LSTR) and Heartland Express, Inc. (HTLD). While Knight Transportation carries the same rank as Covenant Transportation, Landstar System and Heartland Express hold a Zacks Rank #2 (Buy).

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