NEW YORK, March 10, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com shifts focus on: FedEx Corp. (NYSE: FDX), C.H. Robinson Worldwide Inc. (NASDAQ: CHRW), Sino-Global Shipping America Ltd (NASDAQ: SINO), and XPO Logistics Inc. (NYSE: XPO). The Air Delivery and Freight Services industry consists largely of private and publicly held cargo airlines, which together form a patchwork connecting a national infrastructure served by the larger door-to-door delivery companies. Learn more about these stocks by downloading their free report at:
On Thursday, shares in Memphis, Tennessee-based FedEx Corp. recorded a trading volume of 1.41 million shares. The stock ended the session 0.83% lower at $191.31. The Company's shares have gained 1.75% in the last one month and 2.74% on an YTD basis. The stock is trading 0.44% above its 50-day moving average and 9.24% above its 200-day moving average. Moreover, shares of FedEx, which provides transportation, e-commerce, and business services in the US and internationally, have a Relative Strength Index (RSI) of 47.19.
On March 09th, 2017, FedEx announced that it has expanded its FedEx First Overnight® service to more than 4,400 zip codes across the US. With this expansion, FedEx stated that the service now reaches more than 32,000 zip codes for next-business day delivery, representing 92% of the business population in the US. The free research report on FDX is available at:
C.H. Robinson Worldwide
Eden Prairie, Minnesota headquartered C.H. Robinson Worldwide Inc.'s stock closed the day 0.27% lower at $78.52, with a total trading volume of 729,347 shares. The Company's shares have advanced 4.42% in the past month, 5.12% in the previous three months, and 7.78% since the start of this year. The stock is trading 3.72% and 9.34% above its 50-day and 200-day moving averages, respectively. Additionally, shares of C.H. Robinson Worldwide, which provides freight transportation services and logistics solutions to companies in various industries worldwide, have an RSI of 56.56.
On February 20th, 2017, C.H. Robinson announced that it recently opened new offices in Asia and Canada and acquired APC Logistics, a leading provider of freight forwarding and customs brokerage services in the Oceania region. These expansions have led to 15 new C.H. Robinson Global Forwarding offices. The recent growth of C.H. Robinson's Global Forwarding division is a testament to how the Company is continuing to invest in customers around the world. Knowing that global supply chains come with increased complexities, C.H. Robinson is expanding into strategic regions to be best equipped to help shippers navigate their global supply chains. The complimentary report on CHRW can be downloaded at:
Sino-Global Shipping America
Shares in Roslyn, New York headquartered Sino-Global Shipping America Ltd recorded a trading volume of 421,847 shares. The stock ended yesterday's trading session 2.42% higher at $2.54. The Company's shares are trading above their 200-day moving average by 27.84%. Furthermore, shares of Sino-Global Shipping America, which provides shipping agency and inland transportation management services in the US, the People's Republic of China, Australia, and Canada, have an RSI of 42.27.
On February 21st, 2017, Sino-Global announced the closing of the sale of an aggregate of $4.77 million of its common stock in a registered direct offering at $3.18 per share to three institutional investors. The Company's net proceeds from the offering, after deducting estimated offering expenses and placement agent fees, are approximately $4.3 million. Sino-Global will use the net proceeds of the offering for working capital and general corporate purposes. Visit us today and download our complete research report on SINO for free at:
Greenwich, Connecticut headquartered XPO Logistics Inc.'s stock finished Thursday's session 1.38% lower at $49.35, with a total trading volume of 1.16 million shares. The Company's shares have advanced 9.50% in the last one month, 7.80% over the previous three months, and 14.34% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.14% and 31.41%, respectively. Additionally, shares of XPO Logistics, which provides transportation and logistics services primarily in the US, have an RSI of 52.15.
On February 21st, 2017, XPO Logistics announced that Q4 2016 revenue increased 10.0% y-o-y to $3.68 billion. The Company's net income attributable to common shareholders was $27.3 million for Q4 2016, or earnings of $0.22 per diluted share, compared with a net loss attributable to common shareholders of $62.8 million, or a loss of $0.58 per diluted share, for the same period in 2015. For the full year 2016, the Company generated $625.4 million of cash flow from operations
On February 23rd, 2017, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $54 a share to $59 a share. Get free access to your technical report on XPO at:
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