Arkansas Best Stock Gaps Down On Today's Open (ABFS)
Shares of Arkansas Best Corporation (Nasdaq:ABFS) were gapping down Friday morning with an open price 11.1% lower than Thursday's closing price. The stock closed at $22.50 yesterday and opened today's trading at $20.
NEW YORK ( TheStreet) -- Shares of Arkansas Best Corporation (Nasdaq: ABFS) were gapping down Friday morning with an open price 11.1% lower than Thursday's closing price. The stock closed at $22.50 Thursday and opened today's trading at $20. The average volume for Arkansas Best has been 369,700 shares per day over the past 30 days. Arkansas Best has a market cap of $551.4 million and is part of the services sector and transportation industry. Shares are up 16.8% year to date as of the close of trading on Thursday. Arkansas Best Corporation, through its subsidiaries, engages in motor carrier freight transportation in the United States. The company provides shipping services to its customers by transporting various large and small shipments to geographically dispersed destinations. TheStreet Ratings rates Arkansas Best as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Arkansas Best Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.