Stock Story -
What Happened:Shares of freight transportation intermediary C.H. Robinson (NASDAQGS:CHRW) jumped 17% in the morning session after the company reported second quarter earnings results, which blew past analysts' operating profit and EPS expectations despite a revenue miss. Notably, sales continued to be impacted by what management termed an "elongated freight recession." Zooming out, we think this was still a decent, albeit mixed, quarter, showing the company is staying on track.
Is now the time to buy C.H. Robinson Worldwide? Find out by reading the original article on StockStory, it's free.
What is the market telling us:C.H. Robinson Worldwide's shares are not very volatile than the market average and over the last year have had only 3 moves greater than 5%. Moves this big are very rare for C.H. Robinson Worldwide and that is indicating to us that this news had a significant impact on the market's perception of the business.
C.H. Robinson Worldwide is up 15.6% since the beginning of the year, and at $100.70 per share, has set a new 52-week high. Investors who bought $1,000 worth of C.H. Robinson Worldwide's shares 5 years ago would now be looking at an investment worth $1,244.
![Why Are C.H. Robinson Worldwide (CHRW) Shares Soaring Today](https://d68-invdn-com.investing.com/content/picf512bcbafeb114de0315c7b82217ddc4.jpeg)