Overall market sentiment has been high on J B Hunt Transport Services Inc (JBHT) stock lately. JBHT receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With JBHT Stock Today?
J B Hunt Transport Services Inc (JBHT) stock is trading at $131.89 as of 10:28 AM on Tuesday, Oct 6, a rise of $1.33, or 1.02% from the previous closing price of $130.55. The stock has traded between $129.48 and $131.96 so far today. Volume today is below average. So far 87,936 shares have traded compared to average volume of 796,727 shares.
More About J B Hunt Transport Services Inc
J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement (52% of sales in 2019); dedicated trucking services that provide customer-specific fleet needs (29); for-hire truckload (4%); and asset-light highway brokerage (15%).