Noteworthy Price Action: Could USA Truck, Inc. Change Direction After Today’s Big Decline?

Noteworthy Price Action: Could USA Truck, Inc. Change Direction After Today's Big Decline?

The stock of USA Truck, Inc. (NASDAQ:USAK) is a huge mover today! About 54,664 shares traded hands or 39.50% up from the average. USA Truck, Inc. (NASDAQ:USAK) has declined 53.15% since April 4, 2016 and is downtrending. It has underperformed by 54.24% the S&P500.
The move comes after 8 months negative chart setup for the $63.49 million company. It was reported on Nov, 4 by Barchart.com. We have $6.64 PT which if reached, will make NASDAQ:USAK worth $8.89 million less.

USA Truck, Inc. (NASDAQ:USAK) Ratings Coverage

Out of 2 analysts covering USA Truck (NASDAQ:USAK), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. USA Truck has been the topic of 4 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock of USA Truck, Inc. (NASDAQ:USAK) has “Hold” rating given on Wednesday, August 19 by Zacks. Cowen & Co maintained USA Truck, Inc. (NASDAQ:USAK) rating on Thursday, November 5. Cowen & Co has “Outperform” rating and $23.50 price target. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, March 23. Stifel Nicolaus downgraded the shares of USAK in a report on Thursday, April 7 to “Sell” rating.

According to Zacks Investment Research, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec.”

Insitutional Activity: The institutional sentiment decreased to 0.53 in Q2 2016. Its down 0.28, from 0.81 in 2016Q1. The ratio fall, as 10 funds sold all USA Truck, Inc. shares owned while 30 reduced positions. 10 funds bought stakes while 11 increased positions. They now own 5.26 million shares or 4.91% less from 5.53 million shares in 2016Q1.
Globeflex Cap L P last reported 12,456 shares in the company. Geode Capital Management Llc last reported 0% of its portfolio in the stock. Moreover, Cornerstone Hldg Limited Liability has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 19,200 shares. Gsa Cap Prtn Limited Liability Partnership, a United Kingdom-based fund reported 24,800 shares. Moreover, Aqr Mngmt has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 45,403 shares. Blackrock has invested 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK). Citigroup owns 1,990 shares or 0% of their US portfolio. D E Shaw & Incorporated has 21,138 shares for 0% of their US portfolio. American Intll Gp Incorporated owns 5,148 shares or 0% of their US portfolio. Barclays Public Ltd Company accumulated 0% or 5,600 shares. Moreover, Renaissance Ltd has 0.01% invested in USA Truck, Inc. (NASDAQ:USAK) for 176,700 shares. Wells Fargo Communications Mn holds 0% or 3,769 shares in its portfolio. The New York-based Alliancebernstein Ltd Partnership has invested 0% in USA Truck, Inc. (NASDAQ:USAK). Claar Advsr Ltd Liability Corporation has 2.78% invested in the company for 320,000 shares. Wedge Cap Management L Ltd Partnership Nc has invested 0.01% of its portfolio in USA Truck, Inc. (NASDAQ:USAK).

Insider Transactions: Since May 9, 2016, the stock had 3 buys, and 0 insider sales for $69,958 net activity. Faulkenberry Barbara J had bought 29 shares worth $402. On Monday, June 6 GLASER THOMAS M bought $49,485 worth of the stock or 2,493 shares. Chambers Mary Susan bought $20,071 worth of USA Truck, Inc. (NASDAQ:USAK) on Monday, May 9.

More news for USA Truck, Inc. (NASDAQ:USAK) were recently published by: Businesswire.com, which released: “USA Truck Reports Third Quarter 2016 Results” on November 04, 2016. Wsj.com‘s article titled: “USA Truck Appoints DHL Veteran as CEO” and published on January 14, 2016 is yet another important article.

USAK Company Profile

USA Truck, Inc., incorporated on September 29, 1986, is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Firm operates through two divisions: Trucking and Strategic Capacity Solutions (SCS). The Firm transports full dry van trailer loads of freight from origin to destination without intermediate stops or handling. The Firm offers a range of truckload and logistics services to a customer base that spans a range of industries. The Company’s fleet of approximately 1,832 tractors consists of 1,568 firm tractors and 264 independent contractor tractors. The Firm owns approximately 6,200 trailers. The Firm also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo, Texas.

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