Expeditors International stock falls amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
0mins
Should l Buy EXPD?
Source: NASDAQ.COM
Expeditors International of Washington Inc's stock fell by 6.86% as it crossed below the 20-day SMA, reflecting a shift in market dynamics.
The decline in Expeditors' stock price is attributed to sector rotation, as the broader market showed mixed signals with the Nasdaq-100 down 0.28% while the S&P 500 gained 0.12%. This indicates a potential shift in investor focus away from logistics and transportation stocks towards other sectors.
This movement may suggest that investors are reassessing their positions in the logistics sector, particularly in light of recent economic challenges affecting small businesses and the transportation industry.
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Analyst Views on EXPD
Wall Street analysts forecast EXPD stock price to fall
10 Analyst Rating
2 Buy
4 Hold
4 Sell
Hold
Current: 144.720
Low
95.00
Averages
141.11
High
179.00
Current: 144.720
Low
95.00
Averages
141.11
High
179.00
About EXPD
Expeditors International of Washington, Inc. is a global logistics company. The Company’s services include consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions. The Company’s primary services include airfreight services, ocean freight and ocean services, and customs brokerage and other services. It provides a full suite of global logistics services, offering customers access to an international network of people and integrated information systems to support the movement and strategic positioning of goods. As a third-party logistics provider, it purchases cargo space from carriers on a volume basis and resells that space to its customers. In addition, its Project Cargo unit handles special project shipments that move via a single method or combination of air, ocean, and/or ground transportation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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