Previous Close | 168.13 |
Open | 169.02 |
Bid | 164.02 x 300 |
Ask | 164.30 x 200 |
Day's Range | 163.61 - 169.37 |
52 Week Range | 160.07 - 219.51 |
Volume | |
Avg. Volume | 822,320 |
Market Cap | 16.945B |
Beta (5Y Monthly) | 1.13 |
PE Ratio (TTM) | 26.02 |
EPS (TTM) | 6.31 |
Earnings Date | Jul 16, 2024 - Jul 22, 2024 |
Forward Dividend & Yield | 1.72 (1.05%) |
Ex-Dividend Date | Feb 08, 2024 |
1y Target Est | 191.89 |
Shares of U.S. trucking firms fell on Wednesday, after dismal quarterly numbers from JB Hunt Transport Services and Knight-Swift Transportation Holdings signaled a longer wait for a rebound in the freight industry. Freight companies have been grappling with reduced transport volumes on account of a shift in consumer spending from goods to services, combined with global shipping delays. In what TD Cowen analysts called an "ominous start for transport earnings", JB Hunt missed first-quarter estimates on Tuesday as it struggled with weak demand for intermodal services — its biggest segment.
Trucking companies were shaken as J.B. Hunt reported earnings results rocked the industry. The company's chief executive also gave a warning.
U.S. stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season. Travelers tumbled 7.45% as one of the biggest drags on the S&P 500 and largest on the Dow Industrials after the insurance giant missed Wall Street expectations for first-quarter profit. , which fell 2.98% after topping quarterly estimates but disappointing on its annual forecast.