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


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Swift Transportation CompanySWFT 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: KNX ,



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