As of May 16, 2018 Arcbest Corporation (NASDAQ:ARCB) Shorts Reduced By 24.78%

May 16, 2018 - By Pearl Odom

ArcBest Corporation (NASDAQ:ARCB) Corporate Logo

Change of 24.78% for Arcbest Corporation (NASDAQ:ARCB)’s shorted shares was registered. FINRA published in May ARCB’s total 763,500 shorted shares. The 1.02M previous shares are down with 24.78%. Arcbest Corporation (NASDAQ:ARCB) has 244,700 shares average volume. It’ll cost 3 days for ARCB to restore its previous position. Float short on Arcbest Corporation is 3.07%.

ARCB is reaching $48.3 during the last trading session, after increased 2.88%.ArcBest Corporation has 395,997 shares volume, 30.45% up from normal. ARCB is uptrending and has moved 23.82% since May 16, 2017. ARCB outperformed by 12.27% the S&P 500.

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide.The firm is valued at $1.24 billion. The companyÂ’s Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.21.46 is the P/E ratio. This segment also offers motor carrier freight transportation services to clients in Mexico through arrangements with trucking companies.

ArcBest Corporation (NASDAQ:ARCB) Ratings Coverage

In total 6 analysts cover ArcBest Corporation (NASDAQ:ARCB). “Buy” rating has 0, “Sell” are 0, while 6 are “Hold”. (NASDAQ:ARCB) has 0 bullish analysts. 10 are the (NASDAQ:ARCB)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. On Thursday, January 18 the rating was maintained by Stifel Nicolaus with “Sell”. On Monday, November 20 the stock of ArcBest Corporation (NASDAQ:ARCB) has “Hold” rating given by KeyBanc Capital Markets. In Thursday, January 25 report Stifel Nicolaus maintained the stock with “Sell” rating. On Tuesday, January 2 the rating was maintained by Stephens with “Hold”. On Wednesday, January 17 the stock of ArcBest Corporation (NASDAQ:ARCB) earned “Hold” rating by Seaport Global. On Thursday, April 12 the firm has “Hold” rating given by Stephens. On Tuesday, February 6 Citigroup maintained ArcBest Corporation (NASDAQ:ARCB) rating. Citigroup has “Neutral” rating and $40 target. On Wednesday, February 21 the stock has “Equal-Weight” rating by Morgan Stanley. On Tuesday, April 3 the stock has “Hold” rating by Stifel Nicolaus. The company rating was downgraded by Stifel Nicolaus on Wednesday, December 13.

For more ArcBest Corporation (NASDAQ:ARCB) news released briefly go to: Prnewswire.com, Benzinga.com, Benzinga.com, Prnewswire.com or Benzinga.com. The titles are as follows: “ArcBest Among Transport Topics’ Top Freight Brokerage Firms of 2018” released on May 14, 2018, “Earnings Scheduled For May 10, 2018” on May 10, 2018, “38 Stocks Moving In Friday’s Mid-Day Session” with a publish date: May 11, 2018, “ArcBest® Announces First Quarter 2018 Results” and the last “50 Biggest Movers From Friday” with publication date: May 14, 2018.

ArcBest Corporation (NASDAQ:ARCB) Analyst Ratings Chart

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