Stock Story -
What Happened:Shares of freight Delivery Company ArcBest (NASDAQ:ARCB) fell 9.2% in the morning session after the company reported second-quarter earnings results. Its operating profit and EPS missed. In addition, the company called out a tough macro backdrop. Overall, this was a mediocre quarter for ArcBest.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy ArcBest? Find out by reading the original article on StockStory, it's free.
What is the market telling us:ArcBest's shares are somewhat volatile and over the last year have had 15 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
ArcBest is down 10.9% since the beginning of the year, and at $107.83 per share it is trading 28.9% below its 52-week high of $151.75 from April 2024. Investors who bought $1,000 worth of ArcBest's shares 5 years ago would now be looking at an investment worth $3,757.
![Why ArcBest (ARCB) Shares Are Plunging Today](https://d68-invdn-com.investing.com/content/pic3de7c38e7a154bd15b1e99e6e10b7556.jpeg)