Heartland Express, Inc. (HTLD) was a big mover last session, as the company saw its shares surge nearly 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent near-flat trend of the company, as the stock is now trading much above the more or less steady price range of $14.12 to $14.54 in the past one-month time frame.
The company has seen 6 negative revisions in the past 30 days and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock, going forward, to see if yesterday’s move higher is sustainable.
Heartland Express currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better performing stock in the transportation industry is Covenant Transportation Group, Inc. (CVTI) with a Zacks Rank #2 (Buy). Ford Motor Co. (F) and Federal-Mogul Corporation (FDML) are also worth considering in the auto industry with a Zacks Rank #1 (Strong Buy).
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