JB Hunt Transport Servs Stock (NASDAQ: JBHT)

JB Hunt Transport Servs Stock (NASDAQ:JBHT), Trade Ideas

JB Hunt Transport Servs

J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales in 2023), dedicated trucking services that provide customer-specific fleet needs (28%), for-hire truckload (6%), heavy goods final-mile delivery (7%), and asset-light truck brokerage (11%).

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Last week&#39;s worst performers included Arm Holdings, Coinbase Global, Live Nation Entertainment and J.B. Hunt Transport Services.

Last Week&#39;s Worst-Performing Stocks: Are These 11 Large-Cap Stocks In Your Portfolio?

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Knight-Swift Transportation cut earnings expectations by 58% for the first half of the year on Wednesday, citing an oversupplied truck market, poor weather in January and a tough start to bid season.

The company said adjusted earnings per share for the first quarter will range between 11 and 12 cents compared to a 39-cent outlook (at the midpoint of the guidance range) provided in

Knight-Swift Slashes H1 2024 Expectation by More Than Half

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A sentiment of risk aversion looms over the markets during Wednesday’s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by geopolitical and economic risks.

Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What&#39;s Driving Markets Wednesday?

J.B. Hunt Transport Services, Inc. - Common Stock

JB Hunt Transport Services Inc

These seven large-cap stocks were the worst performers last week. Are they in your portfolio?
<ol>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) was the worst large-cap stock performer last week, plummeting 31.08%. The company fell alongside ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), which reported worse-than-expected <a href="https://www.benzinga.com/news/24/04/38299189/whats-going-on-with-arm-holdings-stock" target="_blank" rel="noreferrer noopener">first-quarter FY24 results last week</a>. Exane BNP Paribas analyst David O&#8217;Connor downgraded ARM from <a href="https://www.benzinga.com/quote/ARM/analyst-ratings" target="_blank" rel="noreferrer noopener">&#8220;Outperform&#8221; to &#8220;Neutral&#8221;</a> with a $100 price target.</li>
<li>MicroStrategy Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock lost 20.07% last week. Most crypto stocks fell last week due to the volatility in Bitcoin (CRYPTO: BTC/USD) price.</li>
<li>Coinbase Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock lost 15% last week due to weakness in Bitcoin&#8217;s (CRYPTO: BTC/USD) price. Economist and crypto skeptic Peter Schiff&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38265256" rel="noreferrer noopener">expressed skepticism</a>&nbsp;regarding the apex crypto blasting off in line with predictions by some bulls.</li>
<li>Prologis, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) declined 13.73% as the company&#8217;s first quarter FY24 rental revenue of $1.83 billion missed the consensus and lowered the FY24 outlook for EPS and core FFO/share due to anticipated lower <a href="https://www.benzinga.com/news/earnings/24/04/38292399/why-prologis-shares-are-trading-lower-today" target="_blank" rel="noreferrer noopener">average occupancy and competitive leasing</a>.</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 13.6% last week. The Elon Musk-led company had a tough week on <a href="https://www.benzinga.com//node/38346490" target="_blank" rel="noreferrer noopener">multiple counts</a>. It faces falling EV demand, a Cybertruck recall, employee layoffs, and price cuts.</li>
<li>Equifax Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) stock decreased 13.54%. The company reported worse-than-expected first-quarter sales results and issued adjusted&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38333254/equifax-analysts-cut-their-forecasts-after-q1-results" rel="noreferrer noopener">guidance below estimates on Wednesday</a>.</li>
<li>Bruker Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKR#NASDAQ">BRKR</a>) has had a tough week, losing 11.90% in value after announcing NanoString Technologies&#8217;s acquisition&nbsp;for $392.6 million in cash.</li>
<li>Live Nation Entertainment, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) was down 11.76%. The company&#8217;s shares took a hit following a report indicating the Justice Department will file an antitrust&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38265894/live-nation-entertainment-groupon-and-other-big-stocks-moving-lower-in-tuesdays-pre-market-session" rel="noreferrer noopener">lawsuit against the company</a>.</li>
<li>Arista Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) fell 10.69% last week. Recently, a Rosenblatt analyst <a href="https://www.benzinga.com//node/38220808" target="_blank" rel="noreferrer noopener">double-downgraded the stock to &#8220;Sell&#8221;</a> with a $210 price target.</li>
<li>J.B. Hunt Transport Services, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) fell 10.47% as its first-quarter FY24 earnings missed consensus estimates due to lower segment&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38287679/why-j-b-hunt-transport-shares-are-diving-today" rel="noreferrer noopener">gross revenue and fewer loads</a>. Several analysts lowered&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/JBHT/analyst-ratings" rel="noreferrer noopener">price targets on the stock</a>&nbsp;following the earnings miss.</li>
<li>Albemarle Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) stock shed 9% in value last week due to lithium price volatility.</li>
</ol>
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38349264/tracking-last-weeks-top-performers-are-these-7-large-cap-stocks-in-your-portfolio">Tracking Last Week&#8217;s Top Performers: Are These 7 Large-Cap Stocks In Your Portfolio?</a>
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Last Week's Worst-Performing Stocks: Are These 11 Large-Cap Stocks In Your Portfolio?

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JB Hunt shares are trading higher as the stock rebounds after falling on its recent Q1 earnings report.

Loop Capital analyst Rick Paterson maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold and lowers the price target from $200 to $177.

Price Target

Loop Capital Maintains Hold on JB Hunt Transport Servs, Lowers Price Target to $177

Benchmark analyst Christopher Kuhn maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Buy and lowers the price target from $215 to $200.

Benchmark Maintains Buy on JB Hunt Transport Servs, Lowers Price Target to $200

BMO Capital analyst Fadi Chamoun maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Outperform and lowers the price target from $218 to $200.

BMO Capital Maintains Outperform on JB Hunt Transport Servs, Lowers Price Target to $200

<div>Knight-Swift Transportation cut earnings expectations by 58% for the first half of the year on Wednesday, citing an oversupplied truck market, poor weather in January and a tough start to bid season.</div>

The company said adjusted earnings per share for the first quarter will range between 11 and 12 cents compared to a 39-cent outlook (at the midpoint of the guidance range) provided in late January. It is calling for adjusted EPS of 26 to 30 cents in the second quarter versus the previous 55-cent expectation (at the midpoint of the range).

Knight-Swift's (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knx#NYSE">KNX</a>) new outlook for the first quarter includes an 8-cent-per-share loss associated with the shutdown of its third-party insurance business. That unit brokered liability coverage to small carriers. It struggled to collect premiums and endured unfavorable claims developments in recent quarters. In total, it lost $125 million last year, $72 million in the fourth quarter alone.

Shortly after the company announced it was shuttering the insurance business, CEO Dave Jackson stepped down. <script type="text/javascript">
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Analysts will likely add back the 8-cent hit to Knight-Swift's first-quarter result as the insurance unit is being disposed. That puts adjusted EPS at 19 to 20 cents for the quarter, compared to the current consensus estimate of 29 cents.

The consensus estimate for the second quarter was 48 cents on Tuesday.

Knight-Swift said it has had to put more equipment in the spot market as it has walked away from some contractual freight.

"The early part of the bid season led to greater than expected pressure on freight rates as some shippers are still trying to push rates down further. In some cases, we have lost contractual volumes because we were not willing to commit to further concessions on what we view as unsustainable contractual rates" a news release said. <script type="text/javascript">
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Running more equipment in the spot market offers no rescue. Depressed spot rates are also weighing on total revenue per mile, and absent contractual commitments, equipment utilization metrics have moved lower. However, the company believes this is the best course as it positions the capacity to quickly react to any positive inflection.

It is forecasting a mid-90% operating ratio for the legacy TL business in the second quarter, with the acquired U.S. Xpress fleet seeing break-even results.

<a href="https://sonar.surf/chart"><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/17/spot-rates-1200x414.jpg" /></a>

Chart: (SONAR: NTIL.USA). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel.

The logistics business is not only suffering from unfavorable demand and yield dynamics, but also as the company has "diverted loads to the asset division to partially offset the contractual volume losses." The logistics unit is expected to see 10% to 15% year-over-year (y/y) revenue growth due to the U.S. Xpress acquisition and an OR in the mid-90% range during the second quarter.

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The segment posted a 93.1% OR in the fourth quarter.

The release said its less-than-truckload unit continues to see y/y volume and yield growth, but operating income will be worse than expected due to its geographic concentration in regions most impacted by winter storms. It noted LTL volumes "normalized into March and April."

The second-quarter call for LTL is y/y revenue growth of 10% to 15% and a flat OR. (2023 second-quarter OR was 85.1%.)

Knight-Swift's intermodal business is "approaching breakeven during the quarter with revenues down slightly year-over-year."

The update comes one day after a big earnings miss from multimodal provider J.B. Hunt Transport Services (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>). A tough bid season and elevated costs associated with carrying excess capacity to meet future demand were to blame for the miss.

<div>
Shares of KNX were off 4.6% at 10:21 a.m. EDT on Tuesday while shares of JBHT were down 7.6%. The S&amp;P 500 was up 0.1% at the time.
</div>


The post <a href="https://www.freightwaves.com/news/knight-swift-slashes-h1-2024-expectation-by-more-than-half">Knight-Swift slashes H1 2024 expectation by more than half</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Benzinga Closing Bell Update: Semis And Freight Stocks Fall, Oil Drops On Inventory Build, Airlines Gain Following Strong Earnings From United

A sentiment of risk aversion looms over the markets during Wednesday&#8217;s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by<a href="https://www.benzinga.com/topic/macro-economic-events"> geopolitical and economic risks.</a>
The situation in the Middle East remains highly uncertain, with Israeli Prime Minister Benjamin Netanyahu stating that despite advice from allies to avoid a retaliation against Iran, Israel will make its own decisions on security.
Investors also parsed through the latest remarks from Fed Chair Jerome Powell, which officially dashed hopes for imminent rate cuts amid a lack of confidence about disinflation.
The S&amp;P 500 declined by 0.5% by 1.15 p.m. EDT, while the tech-heavy Nasdaq 100 underperforming, down by 1.2%. Semiconductors were among the weakest-performing industries, with the VanEck Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) falling by 2.5%, on track to close at its lowest level in nearly two months.
Investors sought refuge in Treasuries for liquidity, causing yields to drop by 8 basis points in the 10-year tenor, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied by 1%. Gold softened by 0.5%, while silver managed to inch up by 0.8%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) faced significant downward pressure, with the largest cryptocurrency plummeting by 5.2% and hitting an intraday low of $59,650, now down 18% since its peak in March.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>37,743.82</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,963.08</td>
<td>-0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,025.59</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,524.58</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.5% to $501.05, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% lower to $377.69 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $426.78, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.4%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the major laggard, down 1%. 
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>United Airlines Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rose over 14%, amid stronger-than-expected financial results last quarter. Peers such as American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Delta Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) rose 4.5% and 2.5%, respectively. </li>
<li>Other companies reacting to earnings reports were J.B. Hunt Transport Services, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>), down 8%, Abbott Laboratories&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), down 2.5%, ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), down 7.5%, First Horizon Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), up 2.2%, Travelers Companies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), down nearly 8%, Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), down 6.5%, and U.S. Bancorp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), down 4%. </li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) rallied 6% after BNP Paribas initiated coverage with an Outperform rating and $177 price target. </li>
<li>Notable names reporting after the close are CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Alcoa Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), Discover Financial Services&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) and Las Vegas Sands Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>).</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38297897/fund-managers-are-the-most-optimistic-since-2022-bull-sentiment-not-quite-at-close-">Fund Managers Are The Most Optimistic Since 2022: &#8216;Bull Sentiment Not Quite At Close-Your-Eyes-And-Sell Levels&#8217;</a>
Image generated using artificial intelligence via Midjourney.

Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What's Driving Markets Wednesday?

Shares of The Travelers Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) fell sharply during Wednesday&rsquo;s session following first-quarter earnings.
Travelers reported a mixed first quarter, with earnings lagging analyst&#39; expectations. Core income per share reached $4.69 from $4.11 a year ago, missing the $4.90 consensus forecast. Net income per share rose to $4.80 from $4.13 a year earlier.
Travelers shares dipped 8.1% to $205.03 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>INVO Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/invo#NASDAQ">INVO</a>) shares shot up 256% to $2.78 after the company reported a year-over-year increase in fourth-quarter revenue results and said it remains on track to reach its goal of reaching break-even or profitability within its current operations in 2024.</li>
<li>Edible Garden AG Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edbl#NASDAQ">EDBL</a>) gained 112% to $9.73 after the company reported preliminary first quarter FY24 results.</li>
<li>Sintx Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sint#NASDAQ">SINT</a>) jumped 53% to $0.0350.</li>
<li>VIA optronics AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/viao#NYSE">VIAO</a>) shares gained 50.4% to $0.3924 after dipping over 15% on Tuesday.</li>
<li>AERWINS Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/awin#NASDAQ">AWIN</a>) jumped 42.2% to $4.70.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) climbed 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.</li>
<li>Vanda Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnda#NASDAQ">VNDA</a>) gained 32% to $5.38 after the company announced that it submitted three proposals since February to acquire all of the outstanding shares of common stock of Vanda Pharmaceuticals and confirmed that its most recent proposal to acquire Vanda remains open for Vanda and its Board of Directors to consider.</li>
<li>EZGO Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezgo#NASDAQ">EZGO</a>) gained 28% to $2.20. EZGO entered into a strategic cooperation framework agreement with Woteam to jointly explore the Southeast Asian Market.</li>
<li>CXApp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cxai#NASDAQ">CXAI</a>) shares rose 25% to $4.89 after the company announced 24% ARR growth in 2023.</li>
<li>TRACON Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcon#NASDAQ">TCON</a>) rose 19.6% to $2.0461.</li>
<li>WiSA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wisa#NASDAQ">WISA</a>) gained 19% to $7.32 on continued upward momentum after the company announced a 5-year WiSA E licensing agreement with an HDTV/PTV brand.</li>
<li>Viracta Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virx#NASDAQ">VIRX</a>) climbed 19% to $0.8501. Oppenheimer analyst Hartaj Singh maintained Viracta Therapeutics with an Outperform and maintained a $13 price target.</li>
<li>Spectaire Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) rose 17.5% to $0.94 after the company announced that it signed a distribution partnership agreement with a Fortune 1000 Energy Company.</li>
<li>Rani Therapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rani#NASDAQ">RANI</a>) jumped 14.4% to $7.86.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgem#NASDAQ">CGEM</a>) gained 14% to $19.75. HC Wainwright &amp; Co. analyst Edward White maintained Cullinan Oncology with a Buy and lowered the price target from $34 to $29.</li>
<li>United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) rose 11.2% to $46.12 after the company reported better-than-expected first-quarter financial results.</li>
<li>Chromocell Therapeutics Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chro#NYSE">CHRO</a>) gained 11.8% to $2.0356 after falling around 7% on Tuesday.</li>
<li>ALX Oncology Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alxo#NASDAQ">ALXO</a>) rose 10.4% to $16.01.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) gained 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.</li>
<li>Interactive Brokers Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) rose 5.2% to $112.93 following upbeat quarterly earnings.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>ICZOOM Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/izm#NASDAQ">IZM</a>) shares dipped 87.8% to $6.19.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) fell 47% to $3.5879.</li>
<li>Trio Petroleum Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpet#NYSE">TPET</a>) fell 35.8% to $0.3144 after dipping over 22% on Tuesday.</li>
<li>Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) dipped 31% to $2.43 after the company announced the exercise of warrants for $6.2 million in gross proceeds.</li>
<li>iSun, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isun#NASDAQ">ISUN</a>) declined 27% to $0.1556.</li>
<li>China SXT Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sxtc#NASDAQ">SXTC</a>) fell 25.7% to $1.2001. China SXT Pharmaceuticals shares jumped 38% on Tuesday following a post on X from trader Zack Morris mentioning the stock.</li>
<li>Portage Biotech Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prtg#NASDAQ">PRTG</a>) fell 25.3% to $0.21. The company recently announced that it is expanding its evaluation of strategic alternatives and implementing additional measures to extend its available cash runway.</li>
<li>Trilogy Metals Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tmq#NYSE">TMQ</a>) shares fell 23.2% to $0.3865.</li>
<li>HUB Cyber Security Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubc#NASDAQ">HUBC</a>) dipped 22.6% to $1.44.</li>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) fell 22% to $33.83 after gaining around 18% on Tuesday.</li>
<li>Finch Therapeutics Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnch#NASDAQ">FNCH</a>) dipped 21.9% to $2.42.</li>
<li>Sage Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sage#NASDAQ">SAGE</a>) shares fell 20.8% to $12.37. The company announced topline results from Phase 2 PRECEDENT study of dalzanemdor for the treatment of people with mild cognitive impairment in Parkinson&#39;s Disease.</li>
<li>Ontrak, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otrk#NASDAQ">OTRK</a>) fell 20.3% to $0.3666 after the company reported worse-than-expected quarterly financial results.</li>
<li>SolarMax Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smxt#NASDAQ">SMXT</a>) dipped 20% to $9.72 following fiscal year 2023 results.</li>
<li>Dragonfly Energy Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dfli#NASDAQ">DFLI</a>) declined 15.8% to $0.5199. Dragonfly Energy shares jumped over 36% on Tuesday after the company reported better-than-expected fourth-quarter EPS results.</li>
<li>Montrose Environmental Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/meg#NYSE">MEG</a>) fell 13.3% to $36.37 after announcing a public offering of 3 million shares.</li>
<li>Dynatronics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dynt#NASDAQ">DYNT</a>) fell 12.2% to $0.50 after gaining around 48% on Tuesday.</li>
<li>VinFast Auto Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vfs#NASDAQ">VFS</a>) fell 12% to $2.70 following first-quarter earnings.</li>
<li>Adaptive Biotechnologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adpt#NASDAQ">ADPT</a>) declined 9.3% to $2.4950.</li>
<li>SNDL Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sndl#NASDAQ">SNDL</a>) fell 9.3% to $1.7950.</li>
<li>Arm Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) fell 9.3% to $110.65.</li>
<li>J B Hunt Transport Services Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) shares fell 9.2% to $166.25 after the company missed first-quarter revenue and EPS estimates.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) dipped 8.8% to $1,143.81. MicroStrategy is expected to report its financial results for the first quarter of 2024 after the closing bell on April 29, 2024.</li>
<li>Forward Air Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwrd#NASDAQ">FWRD</a>) fell 8.3% to $23.13.</li>
<li>Autodesk, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adsk#NASDAQ">ADSK</a>) fell 7.1% to $211.97 after the company announced that it will not file its Annual Report on Form 10-K for the year ended Jan. 31, 2024 within the 15-day extension period. The company provided an update on the previously reported internal investigation that is currently being conducted by the Audit Committee.</li>
<li>ASML Holding N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) shares declined 7.2% to $907.11 after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38293462/discover-financial-gears-up-for-q1-print-these-most-accurate-analysts-revise-forecasts-ahead-of-ear"> Discover Financial Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

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Why Travelers Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Evercore ISI Group analyst Vijay Kumar maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Outperform and lowers the price target from $218 to $199.

Evercore ISI Group Maintains Outperform on JB Hunt Transport Servs, Lowers Price Target to $199

<div>J.B. Hunt Transport Services (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) said it would stay the course, increasing intermodal capacity ahead of demand to avoid the service failures the industry experienced during the pandemic. That means carrying a higher cost burden and potentially posting earnings misses like it did in the 2024 first quarter.</div>

The multimodal provider reported first-quarter earnings per share of $1.22 Tuesday after the market closed, 31 cents light of the consensus estimate and 67 cents lower year over year (y/y). A higher tax rate presented a 7-cent headwind while higher interest expense was a 1-cent headwind.

<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/16/JB-Hunt-consolidated.jpg" />

Table: J.B. Hunt's key performance indicators – Consolidated

Intermodal revenue declined 9% y/y to $1.4 billion as revenue per load fell by a similar amount, with load counts flat with the prior year. Transcontinental loads were 5% higher y/y, largely due to a weaker comparison to the same period last year, while depressed truckload rates weighed on intermodal demand in the East, pushing volumes 7% lower.

Total intermodal traffic on the U.S. Class I railroads was 9% higher y/y in the quarter, according to the Association of American Railroads. J.B. Hunt's intermodal loads were down 2% y/y in January, up 3% in February and off 1% in March. The company noted price competition from both TL carriers and other intermodal providers. It pointed to a "disciplined approach" to pricing as an explanation for the loss in share. <script type="text/javascript">
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Management reiterated a "long-term view" that the intermodal space will take share over time and said it's comfortable growing its fleet ahead of demand. J.B. Hunt currently has 20% excess container capacity and is roughly 30,000 units shy of a goal to grow its fleet to 150,000 units.

"When we're there to support our customer to grow the demand, it certainly bears fruit for our shareholders over the long term as those customers just gain more and more confidence in our ability to serve their needs, said Darren Field, president of intermodal services, on a Tuesday evening call with analysts.

The unit has repriced roughly 40% of its contracts for the current bid season, meaning pressure on rates will likely linger without a material change in market dynamics. Volumes were down 9% from the fourth quarter, which was worse than the normal seasonal trend. However, loads in the fourth quarter were ahead of normal seasonality. Yields fell 5% from the fourth quarter to the first.

"The problem is the negative dynamics that impacted 1Q results won't change that quickly given JBHT's longer pricing cycle and limited intermodal spot market opportunities" Deutsche Bank (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>) analyst Amit Mehrotra said in a Tuesday note to clients. <script type="text/javascript">
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The intermodal segment reported a 92.7% operating ratio, which was 370 basis points worse y/y.

<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/16/JB-Hunt-intermodal.jpg" />

Table: J.B. Hunt's key performance indicators – Intermodal

Dedicated revenue dipped 2% y/y to $860 million as average trucks in service declined 1% and revenue per truck per week was off by a lesser amount. The unit saw some erosion in total truck needs from current customers as well as some customer bankruptcies, including its 10th-largest customer.

J.B. Hunt did sell dedicated service on 690 trucks in the quarter, "a lot stronger" than expected, after placing a total of 1,150 dedicated units last year. An 89.1% OR was just 80 bps worse y/y.

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<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/16/JB-Hunt-dedicated-and-brokerage.jpg" />

Table: J.B. Hunt's key performance indicators – Dedicated and Brokerage

The brokerage unit reported a $17.5 million operating loss as loads fell 22% y/y and revenue per load was down 5%. The unit lost $15 million in the fourth quarter. Higher insurance expenses and integration costs from the acquisition of BNSF Logistics' brokerage business presented headwinds.

The final-mile segment saw operating income more than double to $15.1 million as revenue per stop increased 10% y/y. The result included a $3.1 million claims benefit.

The truckload segment was barely profitable as loads slid 5% y/y and yields declined 9%.

Shares of JBHT were down 6% in after-hours trading on Tuesday.

<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/16/JB-Hunt-final-mile-and-truckload.jpg" />

Table: J.B. Hunt's key performance indicators – Final-mile and Truckload

The post <a href="https://www.freightwaves.com/news/j-b-hunts-long-term-intermodal-growth-plan-weighs-on-q1-result">J.B. Hunt's long-term intermodal growth plan weighs on Q1 result</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

J.B. Hunt's Long-Term Intermodal Growth Plan Weighs on Q1 Result

UBS analyst Thomas Wadewitz maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Buy and lowers the price target from $234 to $211.

UBS Maintains Buy on JB Hunt Transport Servs, Lowers Price Target to $211

TD Cowen analyst Jason Seidl maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold and lowers the price target from $193 to $181.

TD Cowen Maintains Hold on JB Hunt Transport Servs, Lowers Price Target to $181

Stifel analyst J. Bruce Chan maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold and lowers the price target from $188 to $173.

Stifel Maintains Hold on JB Hunt Transport Servs, Lowers Price Target to $173

Barclays analyst Brandon Oglenski maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Equal-Weight and lowers the price target from $200 to $170.

Barclays Maintains Equal-Weight on JB Hunt Transport Servs, Lowers Price Target to $170

Susquehanna analyst Bascome Majors maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Neutral and lowers the price target from $195 to $185.

Susquehanna Maintains Neutral on JB Hunt Transport Servs, Lowers Price Target to $185

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>HC Wainwright &amp; Co. cut the price target for Unity Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ubx#NASDAQ">UBX</a>) from $10 to $8. HC Wainwright &amp; Co. analyst Andrew Fein maintained a Buy rating. Unity Biotechnology shares gained 1.3% to close at $1.52 on Tuesday. <a href="https://www.benzinga.com/quote/UBX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen slashed the price target for Amgen Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amgn#NASDAQ">AMGN</a>) from $370 to $360. TD Cowen analyst Yaron Weber maintained the stock with a Buy rating. Amgen shares rose 0.1% to close at $265.64 on Tuesday. <a href="https://www.benzinga.com/quote/AMGN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut Johnson &amp; Johnson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>) price target from $180 to $170. B of A Securities analyst Geoff Meacham maintained a Neutral rating. Johnson &amp; Johnson shares fell 2.1% to close at $144.45 on Tuesday. <a href="https://www.benzinga.com/quote/JNJ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for Antero Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ar#NYSE">AR</a>) from $26 to $36. Morgan Stanley analyst Devin McDermott upgraded the stock from Equal-Weight to Overweight. Antero Resources shares gained 0.4% to close at $29.12 on Tuesday. <a href="https://www.benzinga.com/quote/AR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. slashed J.B. Hunt Transport Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) price target from $210 to $192. Stephens &amp; Co. analyst Justin Long maintained an Overweight rating. J.B. Hunt Transport shares fell 1.1% to close at $182.99 on Tuesday. <a href="https://www.benzinga.com/quote/JBHT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities raised Strategic Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stra#NASDAQ">STRA</a>) price target from $110 to $125. Truist Securities analyst Tobey Sommer upgraded the stock from Hold to Buy. Strategic Education shares fell 0.6% to close at $96.71 on Tuesday. <a href="https://www.benzinga.com/quote/STRA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies lowered the price target for Urban Outfitters, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urbn#NASDAQ">URBN</a>) from $42 to $32. Jefferies analyst Corey Tarlowe downgraded the stock from Hold to Underperform. Urban Outfitters shares fell 0.5% to close at $38.02 on Tuesday. <a href="https://www.benzinga.com/quote/URBN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital cut Marinus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrns#NASDAQ">MRNS</a>) price target from $24 to $3. RBC Capital analyst Brian Abrahams downgraded the stock from Outperform to Sector Perform. Marinus Pharmaceuticals shares fell 7.7% to close at $1.20 on Tuesday. <a href="https://www.benzinga.com/quote/MRNS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Visa Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/v#NYSE">V</a>) price target from $314 to $320. Baird analyst David Koning maintained an Outperform rating. Visa shares rose 0.1% to close at $271.35 on Tuesday. <a href="https://www.benzinga.com/quote/V/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised The Bank of New York Mellon Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bk#NYSE">BK</a>) price target from $64 to $66. B of A Securities analyst Ebrahim Poonawala maintained a Buy rating. Bank of New York Mellon shares fell 2% to close at $54.00 on Tuesday. <a href="https://www.benzinga.com/quote/BK/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/24/04/38286501/why-invo-bioscience-shares-are-trading-higher-by-around-73-here-are-20-stocks-moving-premarket"> Why INVO Bioscience Shares Are Trading Higher By Around 73%; Here Are 20 Stocks Moving Premarket </a>

AMGN

MRNS

STRA

URBN

Visa To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Wednesday

Benchmark analyst Christopher Kuhn reiterates JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Buy and maintains $215 price target.

Reiteration

Benchmark Reiterates Buy on JB Hunt Transport Servs, Maintains $215 Price Target

<h3>Gainers</h3>
<ul>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) stock increased by 65.9% to $0.49 during Wednesday's pre-market session. The company's market cap stands at $6.7 million. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares moved upwards by 11.55% to $0.05. The market value of their outstanding shares is at $3.4 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares rose 10.98% to $0.29. The company's market cap stands at $14.4 million. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares moved upwards by 9.67% to $1.02. The market value of their outstanding shares is at $26.8 million. </li>
<li>Beam Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEEM#NASDAQ">BEEM</a>) shares moved upwards by 8.51% to $5.99. The company's market cap stands at $85.2 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Richtech Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) shares rose 8.49% to $1.66. The market value of their outstanding shares is at $109.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>iSun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) stock declined by 12.7% to $0.18 during Wednesday's pre-market session. The market value of their outstanding shares is at $8.6 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Castor Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRM#NASDAQ">CTRM</a>) stock fell 10.5% to $3.24. The company's market cap stands at $31.3 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) shares decreased by 9.35% to $0.56. The market value of their outstanding shares is at $33.5 million. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>Greenland Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTEC#NASDAQ">GTEC</a>) shares fell 8.86% to $1.75. The market value of their outstanding shares is at $23.7 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock decreased by 8.52% to $0.16. The company's market cap stands at $2.9 million. The company's, Q4 earnings came out yesterday. </li>
<li>JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares decreased by 7.38% to $169.5. The company's market cap stands at $17.5 billion. As per the press release, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Wednesday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining over 100 points on Wednesday.
Shares of J B Hunt Transport Services Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) fell sharply in today&rsquo;s pre-market trading after the company missed first-quarter <a href="https://www.benzinga.com/quote/JBHT/earnings">revenue and EPS estimates</a>.
JB Hunt Transport posted quarterly earnings of $1.22 per share, missing analysts&rsquo; estimates of $1.52 per share. The company&rsquo;s quarterly sales came in at $2.94 billion, missing expectations of $3.12 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
J B Hunt Transport shares dipped 6% to $172.00 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Qurate Retail Inc(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qrtea#NASDAQ">QRTEA</a>) shares fell 5% to $0.96 in pre-market trading.</li>
<li>ASML Holding N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) shares fell 4.9% to $929.00 in pre-market trading after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.</li>
<li>Capri Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpri#NYSE">CPRI</a>) shares declined 4.8% to $37.06 in pre-market trading following a report indicating the FTC is preparing to sue to block Tapestry&#39;s takeover of the company.</li>
<li>Sage Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sage#NASDAQ">SAGE</a>) shares fell 4% to $15.00 in pre-market trading as the company disclosed topline results from Phase 2 PRECEDENT study of Dalzanemdor (SAGE-718) in the treatment of mild cognitive impairment in Parkinson&#39;s disease.</li>
<li>Urban Outfitters, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urbn#NASDAQ">URBN</a>) declined 3.7% to $36.60 in pre-market trading.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psny#NASDAQ">PSNY</a>) shares fell 3.5% to $1.26 in pre-market trading.</li>
<li>Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) fell 3.1% to $4.40 in pre-market trading.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38284954/abbott-laboratories-u-s-bancorp-and-3-stocks-to-watch-heading-into-wednesday"> Abbott Laboratories, U.S. Bancorp And 3 Stocks To Watch Heading Into Wednesday </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Pre-Market Outlook

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Press Releases

J.B. Hunt Adds Former Kansas City Southern President and CEO Patrick Ottensmeyer to Board of Directors

J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for Both the Fourth Quarter and Year Ended December 31, 2023

J.B. Hunt Transport Services, Inc. Announces Participation in Three Upcoming Investor Conferences

J.B. Hunt Among Forbes America's Best Large Employers and Fortune World's Most Admired Companies 2024

J.B. Hunt Signs Long-Term Intermodal Agreement With Walmart

J.B. Hunt Announces Shelley Simpson as Chief Executive Officer, President

J.B. Hunt Transport Services, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call Information

J.B. Hunt Driver Jodi Edwards Earns Driver of the Year Recognition From Women in Trucking

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the First Quarter 2024