Today, the VP – Gen Counsel & Corp Sec of ArcBest Corporation (ARCB), Michael R. Johns, sold shares of ARCB for $177K.
Following Michael R. Johns’ last ARCB Sell transaction on September 06, 2017, the stock climbed by 10.3%. In addition to Michael R. Johns, 2 other ARCB executives reported Sell trades in the last month.
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Based on ArcBest Corporation’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $826 million and quarterly net profit of $40.68 million. In comparison, last year the company earned revenue of $744 million and had a net profit of $14.74 million. ARCB’s market cap is $1.03B and the company has a P/E ratio of 12.13. Currently, ArcBest Corporation has an average volume of 91.91K.
Based on 7 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $44.83, reflecting a 12.1% upside.
The insider sentiment on ArcBest Corporation has been negative according to 38 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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ArcBest Corp. is a holding company which engages in the provision of freight transportation services and solutions. It operates through the following business segments: Asset-Based, ArcBest, FleetNet, and Other and Eliminations.
