ABF | Many Arkansas-based stocks get caught up in market sell off

Freightmaster1

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ARCBEST LEADS DECLINERS FOLLOWING UNUSUAL MARKET BLIP
But Arkansas’ remaining publicly-traded concerns lost ground in this week’s choppy session. One of the biggest decliners was ArcBest Corp., which had an unusual blip in trading earlier in the week. The Fort Smith trucking and logistics company’s shares fell more than 7% in early trading on Tuesday, March 3, from a high of $43.59 at the opening bell to $39.35 by midday.

The trucker’s shares settled around the $40 mark for the remainder of the week, but company officials have given no explanation for the sudden four-hour disruption in its stock in the week’s earlier session. Incidentally, ArcBest President and CEO Judy McReynolds spoke to a group of institutional investors in Orlando, Fla., about the same time the company’s shares backed up seven percentage points on Tuesday.

http://www.thecitywire.com/node/36710#.VPsmfctVKlM

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