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Swift Transportation (SWFT) Jumps: Stock Moves 23.7% Higher

Zacks Equity Research

Swift Transportation Company SWFT was a big mover last session, as its shares rose almost 24% on the day. The move came following its plan to merge with fellow trucking company Knight Transportation KNX. This led to 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 $19.58 to $21.37 in the past one-month time frame.

Over the last 30 days, the company witnessed eight negative estimate revisions while the Zacks Consensus Estimate also moved lower over the same time frame, 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.

Swift Transportation currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Swift Transportation Company Price

 

Swift Transportation Company Price | Swift Transportation Company Quote

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Knight Transportation, Inc. (KNX): Free Stock Analysis Report
 
Swift Transportation Company (SWFT): Free Stock Analysis Report
 
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