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Stock Market & Financial Investment News

News Breaks
April 30, 2014
04:55 EDTKNX, KNX, KNX, HTLD, HTLD, HTLD, MRTN, MRTN, MRTN, CGI, CGI, CGI, SWFT, SWFT, SWFTStephens to hold a plane trip
TL Investor Plane Trip travels throughout Arizona, Iowa, Wisconsin, Indiana and New York to meet with various companies on April 30-May 2.
News For KNX;HTLD;MRTN;CGI;SWFT From The Last 14 Days
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May 29, 2015
12:13 EDTKNXTrucking stocks under pressure after BofA downgrades four stocks
Trucking stocks are lower this morning after Ken Hoexter and his team at Bank of America/Merrill Lynch downgraded four stocks in the sector. The firm referenced "a rapid decline in macro transport statistics," as well as continued weakness in its concurrent bi-weekly proprietary Truck Shipper Survey. LESS-THAN-TRUCKLOAD CARRIERS: Hoexter and his team downgraded less-than-truckload, or LTL, carriers ArcBest (ARCB) and Con-way (CNW) to Underperform from Neutral citing increasing pressure on industrial data points. The firm added that LTLs will experience more pressure than truckload carriers. Price objectives for ArcBest and Con-way were lowered to $36 and $42, respectively.TRUCKLOAD CARRIERS: Bank of America/Merrill Lynch downgraded truckload carriers Knight Transportation (KNX) and J B Hunt (JBHT) to Neutral from Buy. Due to soft macro data, the firm anticipates volume pressures in the second and third quarters for the two trucking firms. Price objectives for Knight Transportation and J.B. Hunt were lowered to $33 and $90, respectively. PRICE ACTION: In midday trading, ArcBest is down over 5%, while Con-way is lower by almost 5%. Knight Transportation is down almost 6%, while J B Hunt is down less than 1%.
10:01 EDTKNXOn The Fly: Analyst Downgrade Summary
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07:34 EDTKNXKnight Transportation downgraded to Neutral from Buy at BofA/Merrill
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May 28, 2015
09:05 EDTCGICeladon Group 3.5M share Spot Secondary priced at $23.00
Raymond James acted as sole book running manager for the offering.
May 27, 2015
16:14 EDTCGICeladon Group files to sell 3.5M shares of common stock
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May 19, 2015
07:11 EDTKNXWolfe Research to hold a conference
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