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Stock impact report

ArcBest: The Wonderful Ride Has Come To An End For Now [Seeking Alpha]

ArcBest Corporation (ARCB) 
Last arcbest corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: arcb.com/investor-relations
Company Research Source: Seeking Alpha
The company's revenue, profits, and cash flows have all declined in 2023, but it still has a net cash position and showed improvement in the final quarter. Despite some positives, the stock is not as cheap as before and may have limited additional upside, leading to a downgrade to a 'hold' rating. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » Back in April of 2023, I found myself taking a rather bullish stance on logistics business ArcBest Corporation NASDAQ: ARCB ). The company, which is known for offering freight transportation services and other logistics solutions to its customers throughout North America, had been outperforming the broader market since I had previously written about it in May of 2021. While the S&P 500 was down by 1.5%, shares of the company had seen upside of 10.9%. Even with that return disparity, I felt as though shares were attractively priced. This led m Show less Read more
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