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XPO and ARCBEST LTL carriers hit 52-week highs, with XPO up 141% and ArcBest up 54.2% over the last year.
XPO Logistics has reached another 52-week high, marking a significant increase of almost 141% in its stock price over the last year, with numerous highs achieved in this period. Additionally, another less-than-truckload (LTL) carrier, ArcBest Corporation , has also hit a 52-week high. ArcBest's stock has risen by 54.2% in the past year, with approximately 9% of that growth occurring in the last month, signalling robust performance in the LTL shipping sector.
Source: John Kingston
Ho-hum: $XPO hit another 52-week high today. It's up a mere almost 141% in the last year, too many 52-week highs to count. But another LTL carrier hit one too today: $ARCB. It's up 54.2% in the last year and about 9% in the last month. pic.twitter.com/MoQNBqcdHw
— John Kingston (@JohnHKingston) December 2, 2023
Source: John Kingston
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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