Saia, Inc. in Focus: Stock Moves 13% Higher in Session
Saia, Inc.SAIA was a big mover last session, as the company saw its shares rise 13% on the day. Shares moved up after the company beat earnings estimates for the fourth quarter of 2015. This led to solid volume too with 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 $19.32 to $22.53 in the past one-month time frame.
This truck industry stock witnessed one negative estimate revision in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday's move higher lasts.
Saia has a Zacks Rank #4 (Sell).
However, a better-ranked stock in the wider transportation sector is Avianca Holdings S.A. AVH , sporting a Zacks Rank #1 (Strong Buy).
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