J.B. Hunt Transport Services (JBHT) has been under a strong bear grip, hence the stock is down -4.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.52% in the past 1 week. The stock has risen by 0.57% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.25% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.33% and the 50-Day Moving Average is 1.1%. J.B. Hunt Transport Services (NASDAQ:JBHT): stock turned positive on Friday. Though the stock opened at $82.21, the bulls momentum made the stock top out at $82.77 level for the day. The stock recorded a low of $81.77 and closed the trading day at $82.5, in the green by 0.39%. The total traded volume for the day was 1,225,338. The stock had closed at $82.18 in the previous days trading.
The company Insiders own 4.5% of J.B. Hunt Transport Services shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.85% . Institutional Investors own 71.47% of J.B. Hunt Transport Services shares. During last six month period, the net percent change held by insiders has seen a change of -5.74%. Also, Equity Analysts at the Brokerage Firm, Buckingham Research, upgrades their rating on the shares of J.B. Hunt Transport Services (NASDAQ:JBHT). Buckingham Research has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 26, 2016.
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.