Stock Market Alert - CHRW Up on Earnings, Upgrade

Posted on Wednesday 31 January 2007



Stock Market Alert - CHRW had an extremely strong session on Wednesday, trading up over 21% to close the regular session after the company announced their quarterly earnings and received an upgrade from JPM. JP Morgan upgraded the stock to overweight from neutral after the news, saying that the company should see strong earnings growth in 2007 with a substantial upside versus consensus. Volume was extremely heavy on the day, with over 15 million shares of the stock changing hands, compared to a normal daily average of just over 1.5 million shares. The company came within a couple points of its 52 week high of $55.18 on Wednesday.



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