Financial News

Why Universal Logistics (ULH) Shares Are Plunging Today

ULH Cover Image

What Happened?

Shares of transportation and logistics solutions provider Universal Logistics (NASDAQ:ULH) fell 12.4% in the morning session after the company reported weak third-quarter earnings results, with its revenue falling short of Wall Street's estimates, sending shares lower. Overall, this quarter could have been better.

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What The Market Is Telling Us

Universal Logistics’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for Universal Logistics and indicate this news significantly impacted the market’s perception of the business.

Universal Logistics is up 36% since the beginning of the year, but at $38.77 per share, it is still trading 22% below its 52-week high of $49.73 from May 2024. Investors who bought $1,000 worth of Universal Logistics’s shares 5 years ago would now be looking at an investment worth $1,925.

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