ArcBest Corp’s recent filing unveils that its CHIEF FINANCIAL OFFICER Beasley John Matthew acquired Company’s shares for reported $52423.0 on Mar 13 ’25. In the deal valued at $74.89 per share,700 shares were bought. As a result of this transaction, Beasley John Matthew now holds 8,142 shares worth roughly $0.5 million.
Then, Philip Craig E sold 3,900 shares, generating $428,649 in total proceeds. Upon selling the shares at $109.91, the Director now owns 23,250 shares.
Before that, Philip Craig E bought 3,900 shares. ArcBest Corp shares valued at $428,668 were divested by the Director at a price of $109.91 per share.
Truist initiated its ArcBest Corp [ARCB] rating to a Buy in a research note published on March 13, 2025; the price target was $93. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. Citigroup began covering ARCB with “Neutral” recommendation on October 09, 2024. Wolfe Research revised its rating on October 09, 2024. It rated ARCB as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of ARCB
On Monday, ArcBest Corp [NASDAQ:ARCB] saw its stock fall -4.45% to $60.80. Over the last five days, the stock has lost -13.86%. ArcBest Corp shares have fallen nearly -34.85% since the year began. Nevertheless, the stocks have fallen -57.70% over the past one year. While a 52-week high of $153.60 was reached on 01/15/25, a 52-week low of $57.79 was recorded on 04/04/25. SMA at 50 days reached $81.32, while 200 days put it at $100.34.
Levels Of Support And Resistance For ARCB Stock
The 24-hour chart illustrates a support level at 57.53, which if violated will result in even more drops to 54.27. On the upside, there is a resistance level at 65.69. A further resistance level may holdings at 70.59. The Relative Strength Index (RSI) on the 14-day chart is 23.68, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.61%. Stochastics %K at 18.78% indicates the stock is a buying.
How much short interest is there in ArcBest Corp?
A steep rise in short interest was recorded in ArcBest Corp stocks on 2025-03-14, growing by 31993.0 shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.44 million shares. There was a rise of 2.17%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 05, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $131.
