Saia (SAIA) Moves 6.7% Higher: Will This Strength Last?

Saia (SAIA) shares soared 6.7% in the last trading session to close at $429.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.4% gain over the past four weeks. The uptick was owing to the strong less-than-truckload (LTL) shipment growth recorded by the company in the first two months of second-quarter 2024. Per a midquarter report, SAIA reported an 18% year over year increase in LTL shipments per workday in April. The reading ...