Stock News Buzz: ArcBest® (NASDAQ:ARCB)

ArcBest Corporation stock identified change of 1.59% away from 52-week low price and recently located move of -45.27% off 52-week high price. It has market worth of $724.28M and dividend yield of 1.14%. ARCB stock has been recorded -11.38% away from 50 day moving average and -27.15% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.44% off 20-day moving average.

ArcBest® (NASDAQ:ARCB), a leading logistics company with creative problem solvers who deliver integrated solutions, notified that it has moved up 18 positions on the Fortune 1000, the annual ranking by Fortune magazine of the 1,000 largest U.S. companies.

According to Fortune magazine, ArcBest is No. 745, compared to No. 763 in 2018. In recent years, ArcBest has seen consistent improvement to its ranking. Since 2013, the company has moved from No. 927 to No. 745.

“At ArcBest, we are focused on executing our strategy to sustain growth and success. Investing in technology, people and processes to meet customers’ changing needs is a top priority for us,” said Judy R. McReynolds, ArcBest chairman, president and CEO. “I am proud that ArcBest is climbing the Fortune 1000 list and gaining recognition as a result of this focus.”

In 2018, ArcBest’s annual consolidated revenue exceeded $3 billion for the first time.

ArcBest provides customized logistics solutions to meet any supply chain need, with offerings that include less-than-truckload carrier ABF Freight®, ground expedite shipping through Panther Premium Logistics®, as well as truckload, time critical, international ocean and air, and managed transportation.

 The Services sector company, ArcBest Corporation noticed change of -4.09% to $28.16 along volume of 246144 shares in recent session compared to an average volume of 278.7K. The stock observed return of -1.71% in 5 days trading activity. The stock was at -15.86% over one month performance. ARCB’s shares are at -27.46% for the quarter and driving a -41.39% return over the course of the past year and is now at -17.81% since this point in 2018. 

 The average volatility for the week at 3.12% and for month was at 3.48%. There are 25.72M shares outstanding and 25.17M shares are floated in market. Right now the stock beta is 2.05. 

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