Covenant Transportation (CVTI) in Focus: Stock Moves 12.3% Higher
Covenant Transportation Group, Inc. CVTI was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is down 23.9% in the past one-month time frame.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Covenant Transportation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Covenant Transportation Group, Inc. Price
Covenant Transportation Group, Inc. price | Covenant Transportation Group, Inc. Quote
A better-ranked stock in the Transportation sector is Ardmore Shipping Corporation ASC, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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