Heartland Express (HTLD) : Traders are bullish on Heartland Express (HTLD) as it has outperformed the S&P 500 by a wide margin of 5.84% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.19%, 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 2.16% in the last 1 week, and is up 6.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Heartland Express, Inc. is up 8.39% in the last 3-month period. Year-to-Date the stock performance stands at 14.18%. The stock has recorded a 20-day Moving Average of 3.55% and the 50-Day Moving Average is 6.96%.
Heartland Express (NASDAQ:HTLD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.00 and $18.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.39, notching a gain of 1.68% for the day. The total traded volume was 244,606 . The stock had closed at $19.07 on the previous day.
Also, In a research note released to the investors, Morgan Stanley maintains its rating on Heartland Express (NASDAQ:HTLD).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, Morgan Stanley lowers the new price target from $17 per share to $16 per share. The rating by the firm was issued on August 1, 2016.
Heartland Express, Inc. (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc. of Iowa, Gordon Trucking, Inc., (GTI), Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc., and A & M Express, Inc. The Company, together with its subsidiaries, is a short-to-medium haul truckload carrier of general commodities. The Company provides transportation services across the United States and parts of Canada. It offers primarily asset-based transportation services in the dry van truckload market and also offers truckload temperature-controlled transportation services and non-asset based brokerage services. It provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California. The Company operates around 21 terminal facilities throughout the United States.