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Arkansas Best Corporation (NASDAQ: ABFS) shares spiked 9.76 percent to close at $27.45 a share Monday. The stock traded between $25.61 and $27.48 on volume of 1.07 million shares traded. Raymond James has upgraded the company’s rating to "strong buy" from "market perform".
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C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) shares increased 2.85 percent to close at $58.83 a share Monday. The stock traded between $57.90 and $60.57 on volume of 2.68 million shares traded. The company announced that its Board of Directors has increased the number of shares authorized to be repurchased by 15 million shares. Shares of C.H. Robinson Worldwide have fallen approximately 70.0 percent year-to-date.
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Inteliquent Inc. (NASDAQ: IQNT) shares declined 4.05 percent to close at $7.59 a share Monday. The stock traded between $7.53 and $8.14 on volume of 608,457 shares traded. The company announced the Audit Committee of Inteliquent's Board of Directors completed its internal investigation and that it will not be required to restate historical financial statements.
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TMS International Corp. (NYSE: TMS) shares surged 12.27 percent to close at $17.48 a share Monday. The stock traded between $17.34 and $17.49 on volume of 1.82 million shares traded. The company has agreed to be acquired by The Pritzker Organization, LLC in an all-cash transaction valued at approximately $1 billion. Shares of TMS International have gained approximately 40.0 percent year-to-date.
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