Con-way Rises On Unusually High Volume (CNW)

NEW YORK ( TheStreet) -- Con-way (NYSE: CNW) is trading at unusually high volume Wednesday with 2.7 million shares changing hands. It is currently at four times its average daily volume and trading up $4.38 (+13.4%) at $37.14 as of 2:05 p.m. ET.

Con-way has a market cap of $1.81 billion and is part of the services sector and transportation industry. Shares are up 12.3% year to date as of the close of trading on Tuesday.

Con-way Inc., together with its subsidiaries, provides transportation, logistics, and supply chain management services to various manufacturing, industrial, and retail customers in North America and internationally. The company has a P/E ratio of 20.6, equal to the average transportation industry P/E ratio 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, poor profit margins and generally poor debt management. You can view the full Con-way Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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