J B Hunt Transport Services Inc (JBHT) Stock: What Does the Chart Say Wednesday?

Overall market sentiment has been high on J B Hunt Transport Services Inc (JBHT) stock lately. JBHT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

J B Hunt Transport Services Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on JBHT!

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With JBHT Stock Today?

J B Hunt Transport Services Inc (JBHT) stock is trading at $183.95 as of 2:07 PM on Wednesday, Nov 29, a gain of $3.33, or 1.84% from the previous closing price of $180.62. The stock has traded between $181.40 and $184.34 so far today. Volume today is light. So far 236,107 shares have traded compared to average volume of 785,285 shares. To screen for more stocks like J B Hunt Transport Services Inc click here.

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 of its owned containers (45% of sales in 2021); dedicated trucking services that provide customer-specific fleet needs (21%); for-hire truckload (7%); heavy goods final-mile delivery (6%), and asset-light truck brokerage (21%). Click Here to get the full Stock Report for J B Hunt Transport Services Inc stock.