Air Transport Services Group, Inc. (ATSG - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $17.51 to $18.90 in the past one-month time frame.
The move came after the company announced that it has significantly expanded agreements with Amazon.
The company has seen one negative estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Air Transport Services currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Air Transport Services Group, Inc Price
A better-ranked stock in the Transportation sector is Hub Group, Inc. (HUBG - Free Report) which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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