J.B. Hunt (JBHT) Stock Soars on Earnings Surprise – Is a Freight Sector Revival Underway?
Stock Rally After Earnings Beat J.B. Hunt’s stock rallied hard on Oct. 16. Reuters reported that JBHT shares “rose nearly 16% in early trading on Thursday” (Oct 16) after the company’s cost-cutting drove a stronger-than-expected profit reuters.com. Traders noted a similar jump (about 18%) according to market news on StockTwits stocktwits.com. The surge pushed JBHT to multi-week highs (roughly mid-$160s per share) as investors reacted to the Q3 results and upbeat comments from analysts. (For context, JBHT had closed around $138.83 on Oct. 15 benzinga.com.) The broad market backdrop also helped: easing China trade worries and hopes for Fed rate