Echo Global Logistics (ECHO) Jumps: Stock Rises 8.9%


Echo Global Logistics, Inc. (ECHO) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.71 to $18.40 in the past one-month time frame.

The company has seen two positive revision s in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Echo Global Logistics. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Echo Global currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

However, some better-ranked stocks in the transportation sector include American Airlines Group Inc. (AAL), American Railcar Industries, Inc. (ARII) and Avianca Holdings S.A. (AVH). All of these sport a Zacks Rank #1 (Strong Buy).

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ECHO GLOBAL LOGISTICS INC (ECHO): Free Stock Analysis Report

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