Trucking Stocks - They move stuff coast to coast. Have finger on pulse of US economy. Q1 earnings 1-day reactions: $JBHT Crashed -8% $KNX Crashed -4% $ODFL Crashed -10% $WNC Crashed -5% $PCAR Crashed -7% $ARCB Crashed -12% $ALSN Crashed -7% $XPO Crashed -6% $SAIA Crashed -21%
You're saying an avg of 8% drop is a crash?
Yes, over a duration of one day, it is
Also, are you referring to something from October?
The stock price is always based on future outlook and fundamentals. Just because they crashed doesn’t mean that the future is doom and gloom. May be the price that they were trading at was elevated due to the recent rally and they are just having corrections.