J.B. Hunt Transport Services (NASDAQ:JBHT) : Traders are bullish on J.B. Hunt Transport Services (NASDAQ:JBHT) as it has outperformed the S&P 500 by a wide margin of 3.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.4% in the last 1 week, and is up 4.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -0.87% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $89.43 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $80.99 and the 200 Day Moving Average price is recorded at $79.01.
The stock has recorded a 20-day Moving Average of 6.03% and the 50-Day Moving Average is 4.3%.
J.B. Hunt Transport Services (NASDAQ:JBHT): stock turned positive on Friday. Though the stock opened at $82.98, the bulls momentum made the stock top out at $85.89 level for the day. The stock recorded a low of $82.7 and closed the trading day at $85, in the green by 3.11%. The total traded volume for the day was 1,140,984. The stock had closed at $82.44 in the previous days trading.
In an insider trading activity,The (President and CEO) of Hunt J B Transport Services Inc, Roberts John N sold 60,000 shares at $82.49 on June 6, 2016. The Insider selling transaction had a total value worth of $4,949,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
J.B. Hunt Transport Services, Inc. is a holding company that, together with its wholly owned subsidiaries, is engaged in providing surface transportation, delivery and logistics services. The Company operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The JBI segment includes freight that is transported by rail and certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment includes company-owned and customer-owned DCS-operated revenue equipment and employee drivers assigned to a specific customer, traffic lane or service. ICS provides non-asset and asset-light transportation solutions. ICS services include flatbed, refrigerated, and less-than-truckload (LTL), as well as a variety of dry-van and intermodal solutions. JBT business includes full-load, dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment.