ACT Research Data Shows Strong Prelim. Class 8 Truck Orders; PACCAR, Navistar, Cummins Shares Respond
Shares of PACCAR (NASDAQ: PCAR), Navistar (NYSE: NAV) and Cummins (NYSE: CMI) have each moved noticeably higher in Tuesday's late-afternoon trading session following word of better-than-expected preliminary orders for a certain truck segment.
A publication from Americas Commercial Transportation Research showed total orders of 25,900 for the Class 8 truck segment during May. Click here to see a list of ACT Research's offerings.
PACCAR shares appear to be the largest winner amid the report, jumping more than two percent to a session high at $64.03. Traders have taken some profits since the spike higher; the stock is now trading up about 0.4 percent for the session, recently at $63.44.
Cummins shares moved about 0.6 percent higher since headlines first crossed. Navistar shares, meanwhile, are currently up about 1.8 percent to $34.95.
Volume over the last hour has ticked notably higher in all three names.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.