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Weakness Seen in Marten Transport (MRTN): Stock Tumbles 7.3%


Marten Transport Ltd. (MRTN) saw a big move last session, as the company’s shares fell by about 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MRTN, as the stock is now down about 14% since Aug 22.

This slump shouldn’t be too much of a surprise to investors, as although this time and temperature sensitive transportation services provider has not seen any negative revision in the past few weeks its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

MRTN currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the Trans-Truck industry include Knight Transportation Inc. (KNX), Con-way Inc. (CNW) and Covenant Transportation Group, Inc. (CVTI). While Knight Transportation carries a Zacks Rank #1 (Strong Buy), Con-Way and Covenant Transportation hold a Zacks Rank #2 (Buy).

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MARTEN TRANSPORT LTD (MRTN): Free Stock Analysis Report

KNIGHT TRANSN INC (KNX): Free Stock Analysis Report

CON-WAY INC (CNW): Free Stock Analysis Report

COVENANT TRANSPORTATION GROUP CL (CVTI): Free Stock Analysis Report


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