Werner Enterprises Stock Trades Close to 52-Week High on Freight Rebound Hopes
Werner Enterprises traded at $40.92 before the Nasdaq opened Thursday, holding close to its 52-week high of $41.49. The truckload carrier finished Wednesday at $40.92, up from $40.76 on Tuesday. That price gives the Omaha, Nebraska-based company a market cap around $2.45 billion. The stock is now at the top of its latest range as investors watch to see if trucking names have gotten ahead of themselves. U.S. stock futures edged down before the bell after the S&P 500, Dow, and Nasdaq all closed Wednesday at fresh records. WTI crude futures gained 3% to $91.20 a barrel, a move freight investors watch.