J.B. Hunt Transport Services (JBHT) has been under a strong bear grip, hence the stock is down -0.17% 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 1.28% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.25% in the last 1 week, and is up 0.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
JB Hunt Transport Services Inc. is up 3.05% in the last 3-month period. Year-to-Date the stock performance stands at 14.81%. The stock has recorded a 20-day Moving Average of 1.41% and the 50-Day Moving Average is 2.35%.
J.B. Hunt Transport Services (NASDAQ:JBHT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.20 and $82.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.53, notching a gain of 1.40% for the day. The total traded volume was 516,387 . The stock had closed at $82.38 on the previous day.
Also, In a research note released to the investors, Buckingham Research upgrades its rating on J.B. Hunt Transport Services (NASDAQ:JBHT).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. 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.