The COO, Asset-Light Logistics of ArcBest (NASDAQ: ARCB) is Selling Shares

By Carrie Williams

Yesterday, the COO, Asset-Light Logistics of ArcBest (ARCBResearch Report), James A. Ingram, sold shares of ARCB for $397.3K.

Following James A. Ingram’s last ARCB Sell transaction on August 15, 2017, the stock climbed by 6.1%.

See today’s analyst top recommended stocks >>

The company has a one-year high of $33.53 and a one-year low of $13.54. ARCB’s market cap is $796 million and the company has a P/E ratio of 27.90. Currently, ArcBest has an average volume of 247.39K.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $33.83, reflecting a -6.4% downside.

James A. Ingram’s trades have generated a -16.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ArcBest Corp. is a holding company which engages in the provision of freight transportation services and solutions. It operates through the following business segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The ArcBest segment refers to the operations of the company’s expedite, truckload, and truckload-dedicated businesses as well as its premium logistics services; international freight transportation with air, ocean, and ground service offerings. The FleetNet segment covers the operations of FleetNet America, Inc., and certain other subsidiaries that provide roadside assistance and maintenance management services for commercial vehicles through a network of third-party service providers. The company was founded in 1966 and is headquartered in Fort Smith, AR.