J.B. Hunt Near 52-Week High as Freight Names Draw Moves
J.B. Hunt shares rose 1.1% to $275.38 Friday, nearing a 52-week high and lifting its market cap to about $26.2 billion. The stock is up 6.4% from the prior Friday’s close, boosted by investor hopes for better freight pricing and margins. J.B. Hunt reported Q1 revenue of $3.06 billion and EPS of $1.49. The company’s intermodal unit saw eastern network loads rise 7% as more freight shifted to rail.