Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ArcBest Corp shares valued at $52,423 were purchased by Beasley John Matthew on Mar 13 ’25. At $74.89 per share, Beasley John Matthew acquired 700 shares. The insider’s holdings grew to 8,142 shares worth approximately $0.5 million following the completion of this transaction.
Also, Philip Craig E sold 3,900 shares, netting a total of over 428,649 in proceeds. Following the sale of shares at $109.91 each, the insider now holds 23,250 shares.
Before that, Philip Craig E had added 3,900 shares to its account. In a trade valued at $428,668, the Director bought ArcBest Corp shares for $109.91 each.
As published in their initiating research note from Truist on March 13, 2025, ArcBest Corp [ARCB] has been a Buy and the price target has been revised to $93. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid October. As of October 09, 2024, Citigroup has initiated its “Neutral” rating for ARCB. Earlier on October 09, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for ARCB stock which previously was a “an Outperform”.
Analyzing ARCB Stock Performance
During the last five days, there has been a drop of approximately -3.83%. Over the course of the year, ArcBest Corp shares have dropped approximately -34.64%. Shares of the company reached a 52-week high of $103.63 on 01/15/25 and a 52-week low of $57.38 on 04/16/25. A 50-day SMA is recorded $75.98, while a 200-day SMA reached $98.57.
Support And Resistance Levels for ArcBest Corp (ARCB)
According to the 24-hour chart, there is a support level at 59.53, which, if violated, would cause prices to drop to 58.06. In the upper region, resistance lies at 61.84. The next price resistance is at 62.68. RSI (Relative Strength Index) is 38.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.35, which suggests the price will decrease in the coming days. Percent R is at 77.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
