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Knight-Swift Transportation (KNX) Jumps: Stock Rises 9.8%

Zacks Equity Research

Knight-Swift Transportation Holdings Inc. KNX was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $44.38 to $46.71 in the past one month time frame.

The move came after the company reported better than expected fourth-quarter 2017 results.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Knight-Swift Transportation. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Knight-Swift Transportation currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.  

Swift Transportation Company Price

Swift Transportation Company Price | Swift Transportation Company Quote

Another stock worth considering in the Transportation - Truck is ArcBest Corporation ARCB which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

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