Swift Transportation Company (SWFT) Shares are Up 0.84%

Swift Transportation Company (SWFT) : Traders are bullish on Swift Transportation Company (SWFT) as it has outperformed the S&P 500 by a wide margin of 18.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.9%, 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 0.84% in the last 1 week, and is up 22.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 12.03% and the 50-Day Moving Average is 18.17%. Swift Transportation Company is up 15.82% in the last 3-month period. Year-to-Date the stock performance stands at 39.29%.


Swift Transportation Company (NYSE:SWFT): On Fridays trading session , Opening price of the stock was $19.25 with an intraday high of $19.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.99. However, the stock managed to close at $19.25, a loss of 0.72% for the day. On the previous day, the stock had closed at $19.39. The total traded volume of the day was 2,996,624 shares.

Also, Equity analysts at the Brokerage firm UBS maintains its rating on Swift Transportation Company (NYSE:SWFT). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at UBS raises the price target from $18 per share to $19.5 per share. The rating by the firm was issued on July 25, 2016.

Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, which consists of one way movements over irregular routes throughout the United States Mexico and Canada; Dedicated, through which, the Company devotes use of equipment to specific customers and offers tailored solutions under long-term contracts; Central Refrigerated, which represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers, and Intermodal segment, which includes revenue generated by moving freight over the rail in the Companys containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations.

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