ArcBest Corp’s recent filing unveils that its CHIEF HUMAN RESOURCES OFFICER Gattis Erin K unloaded Company’s shares for reported $0.28 million on Mar 01 ’24. In the deal valued at $141.58 per share,2,000 shares were sold. As a result of this transaction, Gattis Erin K now holds 32,247 shares worth roughly $3.51 million.
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Then, Stipp Janice E sold 3,390 shares, generating $415,004 in total proceeds. Upon selling the shares at $122.42, the Director now owns 17,710 shares.
Before that, Beasley John Matthew bought 1,000 shares. ArcBest Corp shares valued at $104,980 were divested by the CFO and Treasurer(1) at a price of $104.98 per share. As a result of the transaction, Beasley John Matthew now holds 5,392 shares, worth roughly $0.59 million.
TD Cowen reiterated its ArcBest Corp [ARCB] rating to a Buy in a research note published on May 01, 2024; the price target was $148. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. TD Cowen also remained covering ARCB and reiterated its “an Outperform” recommendation on February 07, 2024. Deutsche Bank started covering the stock on January 29, 2024. It rated ARCB as “a Buy”.
Price Performance Review of ARCB
On Tuesday, ArcBest Corp [NASDAQ:ARCB] saw its stock fall -3.81% to $108.91. Over the last five days, the stock has lost -9.05%. ArcBest Corp shares have fallen nearly -9.40% since the year began. Nevertheless, the stocks have risen 26.33% over the past one year. While a 52-week high of $153.60 was reached on 04/08/24, a 52-week low of $82.18 was recorded on 05/01/24. SMA at 50 days reached $131.52, while 200 days put it at $119.28. A total of 0.28 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For ARCB Stock
The 24-hour chart illustrates a support level at 107.46, which if violated will result in even more drops to 106.00. On the upside, there is a resistance level at 111.66. A further resistance level may holdings at 114.41. The Relative Strength Index (RSI) on the 14-day chart is 32.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.13%. Stochastics %K at 26.63% indicates the stock is a holding.
The most recent change occurred on September 18, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $110 price target.
