ArcBest Trades Close to 52-Week High as Investors Wait for Freight Recovery
ArcBest shares traded at $136.69 in premarket hours Monday, just below their 52-week high of $138.00, with a market cap near $3.05 billion. The company reported Q1 revenue of $998.8 million but swung to a $1 million net loss from $3.1 million profit a year ago. ArcBest launched its ArcBest View digital platform last week. Analyst ratings remain mixed, with price targets ranging from $117 to $150.