Con-way Stock Falls On Unusually High Volume (CNW)

NEW YORK ( TheStreet) -- Con-way (NYSE: CNW) is trading at unusually high volume Friday with 2.6 million shares changing hands. It is currently at four times its average daily volume and trading down $2.46 (-7.5%) at $30.52 as of 2:50 p.m. ET.

Con-way has a market cap of $1.73 billion and is part of the services sector and transportation industry. Shares are up 13% year to date as of the close of trading on Thursday.

Con-way Inc., together with its subsidiaries, provides transportation, logistics, and supply chain management services for a range of manufacturing, industrial, and retail customers. The company has a P/E ratio of 26.6, above the average transportation industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Con-way 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 Con-way Ratings Report.

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