CH Robinson Stock Drops as Logistics Company Delivers Q4 Earnings Miss—Key Levels to Watch
C.H. Robinson(CHRW) Investopedia·2024-02-01 22:51
Key TakeawaysC.H. Robinson shares traded sharply lower Thursday morning after the logistics giant fell short of analysts' fourth-quarter earnings and sales estimates.The company's top line came under pressure from waning freight volumes and excess capacity, which suppressed transportation rates.The C.H. Robinson share price may find chart support from the November swing low around $80. C.H. Robinson Worldwide, Inc. Source: TradingView.com.Shares in logistics giant C.H. Robinson Worldwide (CHRW) fell shar ...