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

May 16, 2018 - By Eula Gilbert

ArcBest Corporation (NASDAQ:ARCB) Corporate Logo

Change of 24.78% for Arcbest Corporation (NASDAQ:ARCB)’s short interest was noted. FINRA issued in May ARCB’s total 763,500 short interest. 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 recover its former position. Float short on Arcbest Corporation is 3.07%.

ARCB is hitting $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 company has $1.24 billion market cap. 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.The P/E ratio is 21.46. This segment also offers motor carrier freight transportation services to clients in Mexico through arrangements with trucking companies.

ArcBest Corporation (NASDAQ:ARCB) Ratings Coverage

Total analysts of 6 have positions in ArcBest Corporation (NASDAQ:ARCB) as follows: 0 rated it a “Buy”, 0 with “Sell” and 6 with “Hold”. The positive are 0. Since November 20, 2017 according to StockzIntelligence Inc ArcBest Corporation has 10 analyst reports. On Thursday, April 12 the stock has “Hold” rating by Stephens. In Monday, November 20 report KeyBanc Capital Markets maintained the stock with “Hold” rating. On Thursday, January 25 the rating was maintained by Stifel Nicolaus with “Sell”. On Tuesday, February 6 the rating was maintained by Citigroup with “Neutral”. On Tuesday, January 2 the company was maintained by Stephens. On Tuesday, April 3 the firm earned “Hold” rating by Stifel Nicolaus. On Wednesday, December 13 the firm earned “Sell” rating by Stifel Nicolaus. On Wednesday, January 17 the firm has “Hold” rating by Seaport Global given. On Thursday, January 18 the stock of ArcBest Corporation (NASDAQ:ARCB) earned “Sell” rating by Stifel Nicolaus. On Wednesday, February 21 the rating was maintained by Morgan Stanley with “Equal-Weight”.

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

ArcBest Corporation (NASDAQ:ARCB) Analyst Ratings Chart

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